Dear Editor,
Re: “Question marks over tax relief for Richmond Oval,” Opinion, Richmond-News.com, Oct. 2.
In response to a recent letter regarding taxes and finances at the Richmond Olympic Oval, I am pleased to once again clarify.
The Oval is a world-class community asset that welcomes over one million visits annually. That number includes those participating in many registered programs in various sports as well as rental groups such as community minor sport associations and adult recreational sport leagues.
The Oval also hosts events, meeting room rentals, corporate events and the Richmond Olympic Experience.
Over 70% of the Oval members are Richmond residents. On any day, you will find it actively used by members as well as drop-in guests for fitness, basketball, table tennis, ice skating, climbing and much more.
By law, the Oval is exempt from paying municipal property taxes or rent - just like our community centres, libraries, pools, Gateway Theatre, public schools, hospitals and other public facilities. Additional costs like taxes and rent would likely serve to increase user fees. For members, parking costs are incorporated into the monthly fees.
As for transparency, the City and Oval financial statements have always been in compliance with the financial reporting requirements of Provincial legislation.
Auditors have certified that those financial statements are fairly presented in accordance with generally accepted accounting principles.
The Richmond Olympic Oval has proven to be a well-used, iconic legacy facility for the people of Richmond, one that any city would welcome without hesitation. I hope that every Richmond resident participates in its offerings.
Malcolm D. Brodie
Mayor, City of Richmond
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