2014-2015 Proposed Budget Overview . . . • Completed first year of management by Anschutz Entertainment Group • 85 Rabobank Arena events with attendance of over 280,000 • 91 Rabobank Theater and Convention Center events with attendance over 64,000 • 8 Bright House Networks Amphitheatre events with attendance over 7,500 • Over 25,000 customers at the San Joaquin Community Hospital Ice Center Rabobank Arena, Theater & Convention Center highlights 2013-2014 . . . • Sold out Arena performances by Ringling Bros. and Barnum & Bailey Circus, Disney On Ice, and Gabriel Iglesias • Tour kick-off Theater performance by Vince Gill & Paul Franklin celebrating “Bakersfield” album Bright House Networks Amphitheater highlights 2013-2014 . . . • Held second annual 4th of July celebration at Amphitheatre and Park, with over 8,000 in attendance • Booked 5th year of Park At River Walk Concert Series with increasingly popular acts San Joaquin Community Hospital Ice Center highlights 2013-2014 . . . • Continued success with sled hockey program for disabled athletes, with 3 local players competing in NHL Sled Classic • Helped raise over $330,000 for cancer via 10th annual HockeyThon • Partnered with the LA Kings to develop “Lil’ Kings” program to introduce hockey to 5-10 year olds Rabobank Arena 2013-2014 Events Gabriel Iglesias Ringling Bros. and Barnum & Gary Allen & Sheryl Crow Bailey Circus Professional Bull Riders WWE “Smackdown” Guns N’ Hoses Boxing/Football Zac Brown Band Monster X Tour Disney on Ice “Passport to Harlem Globetrotters Adventure” CIF Wrestling Army All Star Bowl Super Love Jam Mike Epps Rabobank Theater & Convention Center 2013-2014 Events Jerry Seinfeld Hair Mythbusters Live! Tour Vince Gill Rain Roberto Tapia Disney Live American Idiot Sesame Street Live “Elmo The Addams Family Intocable American Society of Safety Fresh Beat Band Ron White Engineers Ramon Ayala George Lopez Society of Petroleum Engineers The International Tenors Women’s Business Conference Grand Night For Music Los Tigres del Norte Honor Music Night Hello Dolly Makes Music” Bright House Networks Amphitheater Events 2013-14 Summerland Tour Air Supply Relay for Life Media Kick-Off Day Riverlakes Church Easter Service Dave Mason Pablo Cruise ..................................... UPCOMING EVENTS ..................................... Rabobank Arena Goo Goo Dolls & Daughtry July 23 WWE “Smackdown” Live August 24 Ringling Bros. and Barnum & Bailey Circus September 4-7 Bakersfield Condors October - April Professional Bull Riders Velocity Tour November 22 Disney on Ice November 6-9 Monster Trucks January 23-24 Super Love Jam February 14 CIF Wrestling March 6-7 Marvel Universe Live! April 30-May 3 ..................................... UPCOMING EVENTS ..................................... Rabobank Theater & Convention Center Gurdas Maan August 2 Prince Royce August 7 Community Concerts September – May Straight No Chaser October 14 Beauty and the Beast November 17 Bakersfield Symphony October – May Disney Live January 9 Seven Brides for 7 Brothers January 26 Memphis February 15 Sister Act March 29 ..................................... UPCOMING EVENTS ..................................... Bright House Networks Amphitheatre Fourth of July Celebration July 4 Mickey Thomas with Starship September 13 Bluffett October 4 Gospel Fest October 5 .......................................................................... 2013-2014 CAPITAL IMPROVEMENTS .......................................................................... The following capital improvements approved for 2013-14 have been completed: Dimmer panel replacement Fire sprinkler maintenance Theater sound upgrade Employee Time/Attendance Software Arena Dressing Room Floor Replacement • Arena hockey net • Two way radio replacement • • • • • • • • • • • Ice Rink Floor Scrubber Arena suite privacy drape Television replacement Washer & Dryer replacement Kickplate replacement CRT Monitor replacement ........ .............. 2014-2015 CAPITAL IMPROVEMENTS REQUEST .......................................................................... The following projects are requested for Capital Improvements: • • • • • • Video router replacement ($51,500) Wireless camera upgrade ($25,000) A/V Control Room hardware replacement ($35,000) A/V Control Room software ($39,000) Lighting and effects upgrades for arena ($55,000) Tap Room refurbishments ($30,000) ................... TENANTS ................... Bakersfield Condors • Played 36 regular season home games in 2013-14 • Team was purchased by the Edmonton Oilers of the NHL and have signed an agreement with the City through 2018 • Ended 2 year playoff drought; led ECHL in playoff attendance • Record was 36-30-6, Home record 26-15-3 • Average regular season attendance: 4,859, up 5.2% from 2012-13 ................... TENANTS ................... CSUB Roadrunners (Men’s Basketball) • Played 7 games at the Arena in the 2013-14 season • First year of competition in the Western Athletic Conference • Arena record: 2-5, Overall record: 13-19 • Average attendance: 1,263 (1,267 avg at Icardo Center) • Average attendance was 7th in the league out of 9 teams ................... TENANTS ................... Jam Theatricals This was the 9th season for Jam Theatricals presentation of “Broadway in Bakersfield” 2013-14 Season 2014-15 Season Million Dollar Quartet Addams Family Hello, Dolly! Hair Rain: A Tribute To The Beatles Green Day’s American Idiot Straight No Chaser Disney’s Beauty and The Beast Seven Brides For Seven Brothers Memphis Sister Act ................... AEG IMPACT ................... • Increased sponsorship sales through cooperation with AEG Global Partnerships • Addition and installation of efficient payroll and accounting software • AEG Encore customer satisfaction training for all Guest Services employees • Industry support for Ice Plant repair/replacement issues • Reduced utility costs and commitment to environmental sustainability practices through AEG 1EARTH program • Assistance with Condors ownership transition and lease renewal ................... SUSTAINABILTY AND CONSERVATION ................... • Saved approximately 1,500,000 gallons of water in 2013-2014 compared to 2012-2013 • RetroCommission Project (RCx) -- RCx Audit/Date Logging Underway -- Expected RCx energy reduction of 16% whole-building energy (based on national average) -- Expected cost is approx. 25k, PG&E 0% finance, pay off with savings in less than 12 months • Theater LED Lighting Retrofit -- Summer 2014 -- Current Theater Lighting – 52,650 watts -- Planned LED Lighting – 7,709 watts -- 85% savings compared to previous lighting -- PG&E 0% finance, pay off with savings • 2013-2014 Monthly Recycling Diversion Rates from 21%-51% ................... SPONSORSHIP SALES AND SUITES ................... Added sponsorship deals with AT&T, Corona, Nathan’s Hot Dogs, Resort Vacations International, Samsung and Toyota All arena luxury suites leased as of February 2014 ................... 2014-2015 COMBINED PROPOSED BUDGET ................... Net Operating Income $6,163,793 Net Operating Expenses $6,457,109 Net Income/(Loss) ($293,317) Net Savings To City $556,683 ........................................... 5 YEAR NET PROFIT / (LOSS) ........................................... Year Ended Revenue Expense Net Profit (Loss) Savings 2011 $5,872,316 ($6,585,937) ($713,621) $136,379 2012 $6,072,509 ($6,640,936) ($568,427) $281,573 2013 $6,179,821 ($6,542,451) ($362,630) $487,370 2014* $5,469,926 ($6,180,102) ($415,718) A $434,282 2015** $6,163,793 ($6,457,109) ($293,316) A $556,683 A City losses guaranteed never to exceed ($415,718) per year per City Agreement 013-028 *Forecasted **Budgeted
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