Wichita news media

Intrust Bank Arena loss for 2019 nears $5 million

Intrust Bank Arena loss for 2019 nears $5 million

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 it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways of looking at the finance of the arena. Nearly all attention…
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The Making of the Wichita Mayor 2019

The Making of the Wichita Mayor 2019

The Making of the Wichita Mayor 2019 By Karl Peterjohn There are eight major lessons for Wichita voters when they cast their ballots on or before November 5, 2019, concerning the revelations of favoritism involving the mayor, apparently a majority of the city council, and a number of Wichita businesses and businessmen concerning a proposed massive city water plant contract that is close to half a billion dollars. The Wichita Eagle’s detailed reporting on this proposed contract, Mayor Longwell’s role deserves scrutiny at several different levels. Let me begin with full disclosure. Both Mayor Longwell and I are registered Republicans,…
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Wichita airport traffic

Wichita airport traffic

Traffic is rising at the Wichita airport. How does it compare to others? Passenger traffic at Wichita Dwight D. Eisenhower National Airport has been rising. We know that from news reports and social media. While rising activity is good, it's important to place Wichita in context with other airports. (The Wichita airport has reported data through April 2019, while comprehensive national data from the Bureau of Transportation Statistics is available through February, so these comparisons are through February.) Media reporting on the Wichita airport often uses "passengers" as the measure. The industry, however, uses "enplanements" as the most important measure…
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The finances of Intrust Bank Arena in Wichita

The finances of Intrust Bank Arena in Wichita

A truthful accounting of the finances of Intrust Bank Arena in downtown Wichita shows a large loss. Despite hosting the NCAA basketball tournament, the arena's "net income" fell. 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 it hides the true economics of the arena. What's missing is depreciation expense. There are at least two ways…
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Wichita Eagle calls for a responsible plan for higher taxes

Wichita Eagle calls for a responsible plan for higher taxes

A Wichita Eagle editorial argues for higher property taxes to help the city grow. In a recent op-ed, the Wichita Eagle editorial board writes: "It’s hard to make the argument that Wichitans are overtaxed by their city government. It’s time for the community to look at how it helps the city grow. A responsible plan that asks Wichita families to chip in the cost of a family meal should be part of the conversation." [1. Wichita Eagle editorial board. Wichita, it’s time to consider a tax increase. It’s past time, actually. August 17, 2018. Available at https://www.kansas.com/opinion/editorials/article216790960.html.] First, note that…
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