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Operator reports growth, upgrades at LA Kings Burbank Sports Center; rent and loan terms summarized
Summary
City staff and the facility operator reported Feb. 13 that the LA Kings Burbank Sports Center (LAKBSC) met agreement obligations in FY 2023-24, expanded programming, completed rink repairs and cosmetic upgrades, paid fixed rent and began repayments on a $26,200 promissory note tied to improvements.
City staff and the operator of the LA Kings Burbank Sports Center reported to the Parks and Recreation Board on Feb. 13 that the facility met contractual obligations for fiscal year 2023-24, expanded programming and completed several facility upgrades.
John McGinley, acting recreation manager for sports and aquatics, said the city's lease and operating agreement with PIM (operator) was renewed in 2023 and now includes the first of three five-year extensions. "PIM has successfully met all agreement obligations, maintaining the facility, fulfilling rent payments, and expanding programming," McGinley said.
Financial and operational highlights McGinley told the board that base rent had been $1,750 per month for years 3'5 of the lease but increased under the 2023 terms: fixed rent is now $2,167 per month or 6% of monthly gross revenue, whichever is greater. For the reporting period PIM paid $26,004 in fixed rent. The city also entered a promissory note with PIM for $26,200 as an incentive tied to timely completion of facility improvements; loan repayments are scheduled in four equal annual installments beginning Nov. 2024 at $6,746.50, and the first payment was made in November 2024.
McGinley and operator representatives described upgraded rink surfacing and aesthetics, repaired or replaced cracked boards, new logo repainting and portable outdoor lighting to support public-skate events. PIM also expanded programming to include artistic roller-skating, futsal partnerships, youth and adult hockey, free clinics and themed community skate nights.
Operator remarks and community access Scott Flowman, operator of PIM, described growth in public-skate nights, lessons, birthday and private rentals and a winter adult league of 27 teams. Flowman said youth programs began the year with 55 kids and staff hope to grow participation further. Board members asked about family skate nights and scheduling; Flowman said open skate is four nights a week and lessons are offered year-round.
