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Young County OKs $28,032.92 payment to cover half of arena first‑quarter deficit
Summary
The commissioners approved payment covering the county’s share of a $56,065.84 first‑quarter operating shortfall at the Young County Arena and discussed ongoing one‑time costs tied to recent events and repairs.
Young County Commissioners Court on Jan. 27 approved a payment of $28,032.92 to the City of Graham to cover the county’s half of the Young County Arena’s first‑quarter operating deficit.
The city manager of Graham told the court that the arena’s year‑to‑date revenues were about $141,314 and year‑to‑date expenses were just under $200,000, producing a Q1 deficit of $56,065.84. The arena’s lease splits that deficit evenly between the Grand Economic Improvement Corporation (the city) and the…
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