PGX Gets Loan
By 250 News
Tuesday, June 08, 2010 03:51 AM
Prince George, B.C.- The Prince George Exhibition can breathe a little easier this year, knowing it will get a $45 thousand dollar loan from the City of Prince George.
The PGX had appeared before Council last month asking for a $50 thousand dollar loan to be repaid over 5 years. The Exhibition was facing a financial crisis because of loss of gaming funding, the introduction of the HST and a lawsuit which has to be paid by the end of August ($32 thousand dollars).
The financial request has been trimmed by 5 grand.
The Ex is taking several other steps to offset it’s financial challenges:
- Raising Kid’s Day Rate from free, to $2.00.
- The Free child rate has been reduced from aged 5 and under, to age 3 and under.
- The dance ticket prices have been raised from $10 to $15.
- Logger Sports competition and other internal operations have been streamlined, in an effort to reduce costs without risking community and business support with a sub-standard product.
- PGX has applied for a daily 50/50 draw, and is actively seeking volunteers to sell tickets.
- Staff costs have been dramatically reduced, and include laying off the General Manager from February
- 2010 until closer to the exhibition dates; a part time staff has been laid off since November 2009,however, both staff have continued to work as volunteers and are putting in full time hours.
- The PGX board has tabled a proposal to increase the cost of general, student and senior admission tickets until 2011.
The City has provided such loans in the past, including the Prince George Symphony, the Two Rivers Art Gallery and PGARA.
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