Increased Hydro Rates and Decreased Rentals Drop Mohawk 4Ice Profit $25,000

The Mohawk quad-pad arena made a profit of $451 in 2016. The pad is a public-private partnership in which the City and private operator split losses 50/50, but in the event of profit, the City gets 70% and the private operator 30%.
The quad-pad has made profit for the past nine years. In 2015, the pad made approximately $25,000 in profit, however, due to increasing hydro costs and a decrease in use, the 2016 profit was much lower.