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Lakeville Arenas reports revenue growth, plans staffing changes and outdoor amenities
Summary
At the June 2 Lakeville City Council meeting, a Lakeville Arenas representative outlined doubled revenue since 2021, major private donations and investments in facilities while saying arena operations have not required city or school district operating subsidies.
At the Lakeville City Council meeting on June 2, a representative of Lakeville Arenas presented the arena’s annual report and budget, saying the operation expects to have doubled revenue since 2021 and is investing in staffing and outdoor-site amenities.
The presentation explained the arena organization is a separate partnership between Lakeville City and the school district, and that the city handles building debt service and leases the buildings to the arena at no charge. The presenter said Lakeville Arenas has not needed to use city or school operating funds to cover day-to-day costs.
The report listed capital and donor-supported…
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