Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 10 Nov 2004, p. 5

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Waterloo has to spend money to make money, says RIM Park advisory committee Continued from page I sales asxuuatr. who would work to sell the st-rvu't'x the facility has 10 ofter. hnngmg tourrtarnertts. meetings and other evems w the tau-um. as a way to mac-as:- rev- enues from rentals. Hennlg said as little as one extra banquet each month could net the at) 527.000 more per year. As with any plan to increase revenue. rental rates at the facility are also being looked at, The committee is return mending an increase m rent the Forbes meeting room from $118 per hour. In a half-day rate of $500. or a full-day rate of $900. The fieldhouse may rise from $78.16 to $I00.50. while unlit hall diamonds will increase from $14.35 to $16.15. Lit ball diamonds would see a minimal increase from $22.47 w 522.73. "The reasons why those increases are there is it brings them up to market value," Hennig said. The financial require- ments to act on the commit- tee's recommendations would amount to just over S230.000 in 2005. The ice rinks are still under consideration for an increase. Broken down. that's $152.304 in salaries for the three positions created at RIM Park, $60,500 for vari- ous marketing strategies and 31800010 create a Web site. In 2006 the plan would rise to $305.806 for the same expenses. "We behese marketing It, wry luslnuncmdl In making RIM Park known In the world." llcnmg said. Sulling more advertising on rink boards and posting ads througttout the facilities could bring in Si00,000 in lhe committee believes the Web sue could become a mun‘e ul revenue to RIM Park unu- it is fully opera- Hana]. Hennig said stand-alone and banner ads could bring m more than $3,000. If implemented. the rev- enue return for 2005 would amount m approximately 5244.000. which would be almost $15.0001n profits "We believe this could be a very substantial increment uf revenue." he said. "l'm hoping that this first step makes RIM Park the true, world-class facility that everybody in this room hopes it will be." he said. Conn. Jim Edger. who sat on the committee. said he was initially skeptical about the group. In 2006. a more notice- able income to the city of 5136.000 is estimated from revenue of $441000. (Ioun. Gary Kiesweuer said the report from the committee has great poten- tial. "l had my reservations about the ability for com- munity. staff and council to sit around the table without bouncing heads. but we managed to do it," he said. Debate arose when Conn. Jan d’Ailly and Bolger said they wanted the report to be looked over and back into the hands of council as soon as possible. suggesting an early December dead- line. Mayor Herb Epp said some changes will have to be made, and it wont hap- pen overnight. Coun, lan McLean noted the finance department and senior staff have been involved during the creation of the report, and have had meetings with staff to verify the financial estimates. Epp said he fell that isnt enough, "I wanted the public con- suited. and I will not now sweep it under the carpet." he said, noting his election platform was based around accountability on RIM Park. "This is why I keep on cautioning council not to rush to judgement on this thing. quickly deal with it, .7119 friendly tummy church. Cui, Floor CoVering Centre ll1Tl"s"l't'lt'1'l'll"l'll'l'l1'll'i'll'llrd't'rl'oT re att 'Kgtlttns DIM, ttttrs-lm-tr-ttt . St. Paul’s Evangelical Lutheran Church welcomes you! 796 Erbcville Road, Waterloo Just past the fhvstung llghl tst, 3rd & Sth Sundays at 11 am 2nd & 4th Sundays at 9:30 am Bolger didn't want to postpone a final decision loo long, as the recommen- dations ' to be placed in the 2005 budget or else they must be held for another year. and then find out [hens all kinds of problems" lohn Hendry, chair of the committee, assured council all research completed by the committee was reviewed by city staff. "We are quite anxious to get underway. and we would respectfully request that a decision be made. and we get on with our work by the end of December." he said. "RIM Park needs an influx of money and new blood right now." A recommendation is expected from the city's financial services depart- ment byDec. 15. y al tlie city's alga Emmy . Headaches . Insomma (sleep dm’rcumesl Wnmssnessirrntattjtity . Sums l Mlerures . Heck Pam Arm and Wnst Pam (Carpal Tunnel Syndrome) Ihgestive Disorders . Lower Back Pam Numbness & Tingling (Arms & Legs) , Learn the keys to Health/Wellness , Learn new to Improve the quality ot your lite a mum , Learn how to lake control at your own health . Mainly Idestyle requires making M a pnomy ' Address the Cause, not the "symptoms" m; I“, W17. m-ezau-aznopn When: 30 new St. E.. Soil- zu. Wanda You mu learn How to Lind & m The Pressure Arints tor Fame-pants are asked to bring a Itiatrmmtyate%gLtm In be nonalcd to the local Food Bank - - th Dr, Bryan Lawrence, DC

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