Silvertips Playoff Run Boosts Arena Revenues As Lease Renewal Talks Resume

During their monthly meeting today the Everett Public Facilities District Board heard good news on the financial front primarily thanks to the Everett Silvertips. An additional 60,000 people came through Angel of the Winds Arena during 12 post season playoff games. The Everett Silvertips brought a similar boost 15 years ago in their first season.

Right now the Everett Silvertips are technically homeless as their contract with the Everett Public Facilities District expired in March. According to Gary Weikel, PFD Board President, the two sides had been working on an extension until the playoff run when talks were put on hold. Both sides are expected to be back at the bargaining table next month to put the final details on a five year agreement with a five year option.

Also during their meeting today the board received a copy of the Annual Report for 2017. 2017 was a tough year for the Public Facilities District with a year end loss of more than three hundred seventy thousand dollars after posting a slight profit in 2015 and 2016.

The PFD is just finishing a renegotiation of their management agreement with Philadelphia-based Spectra. The company manages the arena along with food services, hospitality and partnerships. They are two and a half years into a five year agreement with the Everett Public Facilities District. Today the board approved an amendment to the management agreement that Board President Weikel told MyEverettNews.com would put the building in a good position for the future. A Spectra representative today told the board that they were going to get the operation turned around and thanked the board for another chance.