Rhonda Holman

Intrust Bank Arena loss for 2016 is $4,293,901

Intrust Bank Arena loss for 2016 is $4,293,901

As in years past, a truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite 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 true economics of the arena. What's missing is depreciation expense. An example: In February 2015 the Wichita Eagle reported: "The arena’s net income for…
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Intrust Bank Arena loss for 2015 is $4.1 million

Intrust Bank Arena loss for 2015 is $4.1 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. The true state of the finances of the Intrust Bank Arena in downtown Wichita are not often a subject of public discussion. Arena boosters cite 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 true economics of the arena. What's missing is depreciation expense. There hasn't been much talk…
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Wichita Eagle opinion watch

Another nonsensical editorial from the Wichita Eagle. This is contained in an editorial urging Sedgwick County government to "stop messing" with the zoo.[1. Holman, Rhonda. Stop messing with Sedgwick County Zoo. Wichita Eagle, July 20, 2016. Available at www.kansas.com/opinion/editorials/article90624332.html.] Nor is there any justification for a “non-disparagement clause” in the proposed operating agreement about the zoo director’s public statements, including a prohibition against doing anything to bring the county or society “unwanted or unfavorable publicity.” Even if the county is right -- and the society wrong -- about the constitutionality of such a gag rule on a public employee, it’s…
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‘Trump, Trump, Trump’ … oops!

An event in Wichita that made national headlines has so far turned out to be not the story news media enthusiastically promoted. When two Wichita State University students -- one a Muslim and also a student leader -- reported they were victims of a hate crime, national news media took up the story. A Washington Post headline read "'Trump! Trump! Trump!' attacker allegedly yelled as he beat Hispanic man, Muslim student." USA Today headlined with "Muslim student claims attacker yelled 'Trump, Trump!'' From the Wichita Eagle: "A Muslim student at Wichita State University says he and a Hispanic friend, who…
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What else can Wichita do for downtown companies?

What else can Wichita do for downtown companies?

With all Wichita has done, it may not be enough. Within a month, these two headlines appeared in the opinion pages of the Wichita Eagle: Investment in downtown Wichita is impressive [1. Brownlee, Phillip. Investment in downtown Wichita is impressive. Wichita Eagle. March 5, 2016. Available at www.kansas.com/opinion/editorials/article64129977.html.] State and local leaders need to help meet Cargill’s needs [2. Holman, Rhonda. State and local leaders need to help meet Cargill’s needs. Wichita Eagle. April 1, 2016. Available at www.kansas.com/opinion/opn-columns-blogs/now-consider-this/article69534982.html.] The second headline was in response to the news story "Cargill plans to move its Wichita headquarters -- but where?" [3.…
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