£1.4 million leisure investment ‘will make PRSA pay its way’

News.
News.

Councillors will look to invest £1.4 million in Boston’s leisure facilities in a plan to make the Princess Royal Sports Arena (PRSA) self-sufficient.

Boston Borough Council has this morning revealed an aim for its ‘umbilical cord to be cut’ as it looks to find a way to stop having to pay out to the PRSA each year.

The authority reckons energy effiency measures will recover more than the entire cost of the cash that now needs to be spent on the sporting facility.

The council’s environment and performance committee will be asked to agree that the authority digs into its capital reserve to find the £560,000 needed to fund energy effiency measures - such as biomass heating – at the PRSA and Geoff Moulder Leisure Complex.

Over the period of a ten-year lease £840,000 also needs to be spent on ‘repairs and commerical investment’ on the PRSA.

The council says its energy measures at the two sites will bring in £1.5 million - more than covering the PRSA works and cost of installation - with the cash made going back into the capital reserves.

It is hoped that the money spent now will help lead the PRSA towards having a full repairing and insuring lease - something the council describes as its ‘primary focus’ for the facility.

Council leader Peter Bedford said: “This points the way to a successful future for the PRSA at minimal cost to the council taxpayer. It will ensure the centre’s future. It has an important role to play in tackling health inequalities for the residents of the borough. It is a well-used facility.”

The committee meets on Wednesday, January 28.

See this week’s Standard for more on this story.