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Five Flags Reports Record-Breaking Year

Courtesy: KCRG

Del Toro

Operators of Dubuque’s downtown arena say it’s had a banner year. The annual report for the Five Flags Center will be presentedto the Dubuque City Council tonight. Among the highlights of the report is a 23% increase in attendance over Fiscal Year 2017. Ticket sales totaled $1.9-million, food and beverage sales were up more than 40%, and corporate sponsorships reached the highest level in the facility’s history. All that added up to see the arena require its smallest subsidy from the city since 2014. But that subsidy was still in excess of $800,000. That has at least one council member skeptical about the supposed progress that Five Flags is making. In a Facebook post written early Saturday morning, Second Ward representative Luis Del Toro noted that the reduction in the city’s financial coverage of Five Flags was largely due to an increase in sponsorships, and not a reduction in expenses for the facility. In fact, the cost to operate Five Flags nearly doubled in Fiscal Year 2018, going from about $77,000 to more than $144,000. The City Council will review the report during their meeting at 6:00 tonight in the Historic Federal Building.

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