The Arena is designed to be self-supporting on an annual basis through its operating revenues, as it receives no tax money to offset operating costs.
The Arena was originally built solely through private donations, and there is still $250,000 left to pay on the Capital Campaign and retire the debt, which is less than 6% of the total project cost.
Before any new substantial projects are undertaken, the Arena needs to eliminate this debt, which represents parts of the Arena that are already built (such as the rink dasher boards, refrigeration, and roof). The sooner we can pay off this loan, the sooner the Arena can drop the related debt service as an annual expense it must cover, and then start to put new donations into improving the Arena.
For those who really would like to see their contributions go towards something new, the Board has adopted a policy that up to 50% of a new contribution can be used to help fund a new project in the Arena. The Arena Manager has a list of several priority projects at a range of prices for those who might be interested.
If you are interested in making a tax-deductable donation (Union Arena is a 501(c)3), you may contact the Arena Manager, or contact the Chair of the Development Committee, Bob Coates via email or by phone at (802) 457-9991.