MUSKEGON, MI -- Facing financial pressures needing immediate attention, L.C. Walker Arena's owners and managers are seeking ways to increase use of the downtown asset that reportedly needs more than $1 million in repairs and improvements.
Essentially, there is a trio of financial concerns surrounding the arena:- Officials with the financially-strained city of Muskegon are anxious to get out from under the $180,000 utilities subsidy it has been paying annually for the arena.
- The management group, which shares the same owner as the Lumberjacks, is unhappy with the annual $235,000 management fee it receives.
- The arena has substantial infrastructure needs totaling $1.3 million that include roof repairs, a new boiler and new Zambonis.
At the end of this year, the city will assume true ownership of the arena that technically has been held by Muskegon County since the county sold bonds in 1996 to pay for arena improvements. Voters county-wide agreed in 1995 to fund the improvements, worth $8.5 million.
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