Ratho arena's cash troubles hit new high
THE troubled international climbing arena at Ratho has fallen further into financial difficulty, new figures revealed today.
The council-owned centre, recently described as reaching "crisis point", is running 98,000 adrift of this year's target, and has required a net subsidy of 323,000 in just the first five months of the year.
Board papers published by Edinburgh Leisure, which runs the arena, also reveal that total income is 63,000 – or ten per cent – behind target.
It went into receivership in 2004 before the council was forced to step in. It was then forced to close for a 6 million overhaul.
But it ran up nearly a 1m deficit last year, and is not forecast to make a profit for some time.
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Sunday 27 May 2012
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