Big-name acts help Wichita’s Intrust Arena triple profits
WICHITA, Kan. (AP) — Big-name acts like Paul McCartney and Neil Diamond helped the Intrust Bank Arena in Wichita more than triple its profits this year.
The Wichita Eagle reports the high-priced acts also led to a 43 percent increase in the average ticket price at the arena.
Arena management reported total net income was just below $700,000 through the third quarter of this year, compared with $213,000 at the same time last year.
The average ticket price rose from $30.31 to $43.40 this year.
Arena general manager A.J. Boleski said the arena had fewer shows but the performances were more profitable.
Concerts account for $1.9 million of the arena’s $2.9 million in event income in the first three quarters.
SMG, the arena management company, shares profit with Sedgwick County, which owns the arena.
Information from: The Wichita (Kan.) Eagle, http://www.kansas.com