SBD/May 1, 2013/Facilities

Tulsa's BOK Center Poised To See First Profit Increase In More Than Three Years

Tulsa's BOK Center is "on pace for one of its most profitable years" after netting $1.8M through Q3 of the '12-13 fiscal year, according to Zack Stoycoff of TULSA WORLD. BOK Center managers expect net income "to drop to about" $1.5M by the end of FY '13, but that would "still be the second- or third-most profitable year" since the facility opened in '08. It also would be its "first increase in annual profit" since '09-10, when net income jumped from $1.2M in its first year of operation to $1.65M, and then "tapered off over the next two years" to $1.5M and $1.4M. Managers said that for an arena "now well into its fifth year, maintaining such margins is almost unprecedented." The BOK Center from July 1 to March 31 generated more than $4.5M in "event income" and an additional $1.8M million in other operating income to "outpace its expenses" of $4.5M. The facility reported attendance of 574,634 "through 140 days of events," with 13,227,161 total ticket sales (TULSA WORLD, 4/30).
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