Mayor Lyn Hall speaks during a media announcement that the City of Prince George and Cougars have renewed their rental agreement. The City and the hockey club have worked together to develop a six-year agreement, retroactive to July 31, 2018. Like the previous agreement, it is largely based on a revenue-sharing arrangement rather than a flat rate for rent. For example, the City receives a share of revenue from general ticket sales and suite rentals, and proceeds from all food and beverage sales. The Cougars are also providing $50,000 per year from the proceeds of advertising that the hockey club sells in the arena.
“This agreement provides the City with important revenue, it keeps the Cougars as our #1 tenant in a premier City facility, and it allows both organizations to benefit in the future, based on team improvements and increased attendance at CN Centre,” says Mayor Lyn Hall. “On behalf of Council, I’m very pleased to see the Cougars and the City working so well together, and as a fan, I can’t wait for next season to begin.”
“The Prince George Cougars are committed to Prince George and have been invested in the community under the ownership of EDGEPRo Sports & Entertainment. On behalf of our ownership group, management, hockey and business staff, and players, we are extremely proud of our relationship with the City of Prince George,” said Cougars’ Vice President, Business Andy Beesley. “We are here to stay, and we are fully committed to Prince George. We have heavily invested in our community in the last several years and we look forward to continuing to do so. Today’s announcement shows how committed the Cougars are to BC’s Northern Capital.”
Citizen photo by Brent Braaten