The leadership of Boston Borough Council are set to determine the future of the Princess Royal Sports Arena.
The cabinet meeting, at 10am tomorrow (Wednesday) will see members assess a number of options for the sports facility. The cabinet will be asked if it still wants to carry on with talks to keep the PRSA open or if it wants to look into the possible closure. A report drawn up for the meeting warns that if councillors choose to ‘mothball’ the Boardsides site it is likely to cost the authority £150,000 a year in business rates, insurance and security costs. If the members choose to keep the PRSA open they will be asked to agree to spend £88,000 from the 2013-14 budget until proposed leases are signed with the Boston Sports Initiative group (BSI). A plan is in place to hand the building, which cost £2million more than expected when developed in 1997, over to the BSI on a peppercorn rent.
The report, drawn up by chief executive Richard Harbord, states that the total direct cost to the taxpayer for the PRSA is now £6,259,298.
It states: “To mothball the site pending final decisions would leave the council paying insurance, National Non Domestic Rates (business rates) and security costs talling around £150,000 per annum. The site has many users and shutting the facility will not be a popular opinion.”