PGX Calls for Loan To Be Examined
By 250 News
Monday, May 17, 2010 07:51 PM
Prince George, B.C.- Prince George Exhibition is in need of some assistance. Like many other organizations, it has been hit hard by a cut in gaming funds.
In the case of the PGX the amount has been reduced by half, and there has been little time for the PGX to react to the shortfall. The other financial hit was the settlement of a lawsuit. The suit was launched in 2008 and was set to go to trial in the lower mainland this month. The PGX opted instead to settle out of court rather than face legal fees associated with court time.
The case involved Shooting Star Amusements suing the PGX for breach of contract. The PGX is not allowed to outline the specific allegations, but says had it not been for a local law firm doing pro bono work, the PGX would have been "under" a year ago. The out of court settlement was for $32,700 and the PGX did not have to sign any admission of guilt. The settlement is due by the end of August.
The PGX has requested the City give it a loan of $50 thousand dollars which would be paid back over 5 years.
Councilor Brian Skakun wanted to know why the PGX doesn't just boost the price by 50 cents a ticket? GM Terri McConnachie says there will be some other ideas, like 50-50 draws on site, and its possible the kids day will no longer be free, that children will have to pay a twoonie to get on site "It's really heart wrenching" says McConnachie "We are trying to remove barriers so people can attend, but at the same time, we are really stretched to provide a quality event."
Last year, the fair broke attendance rcords with 44 thousnd people through the gates, and this year, team penning has attracted another 100 teams to bring that up to 400 registered teams so it is expected attendance will be higher.
The PGX is not the only organization in Prince George feeling the pain of the cuts to gaming grants, but McConnachie says the lawsuit has to be paid out August 30th, and the two items are combining to make a very difficult year.
Councillor Murry Krause says he supports referring the request to Administration, because this is about a loan, not a grant, and he applauds the PGX for trying to keep the event affordable so that everyone in a family can attend "So often when the price is raised, it gets beyond what a family can afford and attendance drops off."
The matter has been referred to Administration to see how such a loan could be arranged.
Mayor Dan Rogers says he looks forward to further scrutiny of the request but "If ever there was an organization that deserved assistance, this would be it."
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