Tag: Downtown Wichita arena
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Intrust Bank Arena loss for 2014 is $5 million
The depreciation expense of Intrust Bank Arena in downtown Wichita recognizes and accounts for the sacrifices of the people of Sedgwick County and its visitors to pay for the arena. But no one wants to talk about this.
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WichitaLiberty.TV September 15, 2013
In this episode of WichitaLiberty.TV, host Bob Weeks reviews chapter 4 of “Economics in One Lesson,” about how public works mean taxes, and efforts to create jobs through spending on public works do more ham than good, if the public asset is not truly needed. The tax used to build the Instrust Bank Arena in…
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Touring a Wichita-owned downtown retail development
Touring a Wichita city-owned retail strip in a prime downtown location raises a few issues.
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Intrust Bank Arena finances: The worst news is hidden
The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters promote a revenue-sharing arrangement between the county and the arena operator, referring to this as profit or loss. But this arrangement is not an accurate and complete accounting, and hides the…
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Wichita Intrust Bank Arena profit, in perspective
When evaluating information released by Sedgwick County regarding the financial performance of Intrust Bank Arena, citizens need to look beyond the presentations made to commission members. Important facts are available, but not presented to commissioners and the public.
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Wichita city council: substance and process
The Wichita City Council and city hall bureaucrats have shown that they are willing to follow the letter of the law, but following the spirit and substance of the law, especially regarding public hearings and citizen involvement, remains a challenge for the city.
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Intrust Bank Arena depreciation expense ignored
Reports that income earned by the Intrust Bank Arena is down sharply has brought the arena’s finances back into the news. The arena, located in downtown Wichita and owned by Sedgwick County, is deemed to be a success by the county and arena boosters based on “profit” figures generated during its first year of operations.…
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Wichita’s Intrust Bank Arena shrouded in mystery
Okay, maybe that’s a little over-hyped, but when arena cheerleader Rhonda Holman of the Wichita Eagle starts to question the operations of Intrust Bank Arena in downtown Wichita, there must be something going on.
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Wichita Exchange Place TIF should be rejected
Tomorrow’s meeting of the Wichita city council will feature a public hearing as to whether a tax increment financing district that benefits Real Development should be modified.
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In Sedgwick County, is there slack time?
As reported in the Wichita Eagle, the Sedgwick County Commission decided to reimburse the county for time its employees spent working on arena-related matters.
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Assessment of Wichita’s Intrust Bank Arena’s success premature
Any rational assessment of the success of the Intrust Bank Arena in downtown Wichita must realize that the arena is in its honeymoon period. Until initial enthusiasm dies down and the arena has a track record of a year or more, we simply have no idea what the financial performance of the arena will be.…
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Intrust Bank Arena’s missing name
On the commemorative plaque outside the Intrust Bank Arena, in downtown Wichita, there’s a missing name.