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Wednesday, August 5, 2009

Council Throws LBR Financial Lifeline

A decision by common council will lead to a little more red ink at the end of the current budget year. Council is coming to the rescue of the Lord Beaverbrook Rink's board of directors with a 50-thousand dollar lifeline. The board says it's come up short in finances thanks to unexpected repairs to the cooling pipes in the floor which also meant lost revenue while the rink was closed. Acting city manager Pat Woods says the money wasn't included in this year's budget -- already city finance commissioner Greg Yeoman's is predicting the city will end the year about 300-thousand dollars in the red.

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