The ice rink brought to Old Town Elk Grove this winter was never expected to make a profit for the city, but it lost more money than officials had anticipated.
A city reported scheduled to be given to the Elk Grove City Council next week says the first-time attraction cost the city a net of $76,520. Officials had planned on spending $50,000, but attendance at the ice rink was lower than forecast.
Ice Unlimited, the operator of the rink, projected an attendance of 22,000 skaters. The city says 14,338 tickets were sold.
The city planned on the ice rink earning $110,000 in revenue, but it only pulled in $57,380. On the other hand, it was cheaper to operate than expected–expenses for the ice rink were $133,900 instead of the $160,000 that city officials were prepared for.
"Both actual revenues and expenditures were below expectation, and the final net draw of approximately $76,000 is $26,000 more than the forecasted net draw of $50,000," the staff report states. "The additional expenses can be absorbed in the [Fiscal Year] 2012-13 Economic Development budget."
The city council will hear the report on the ice rink at its 6 p.m. meeting on Wednesday.