ST. CHARLES, Mo.- The 10,000 seat St. Charles Family Arena opened in 1999. According to a city financial report, the arena costs $32million by the end of 2016.
Today the arena still has an approximate $15 million in outstanding bond debt. The building also operated at a loss in 2016 generating about $7 million in revenue versus $9 million in expenses.
The St Charles County Executive said the county is under no obligation to sell, but they are open to see if there is a market for the family arena. The county has issued a request for proposal from potential buyers on Monday, July 9.
Bids are due July 20 at 3p.m.