North Yorkshire Council is expecting to receive a six-figure profit share from the Scarborough Open Air Theatre (OAT) this year, despite rising costs.
The news comes as a local councillor questioned whether the venue is providing value for money for the council.
During a meeting of the Scarborough and Whitby Area Committee, Councillor Liz Colling asked if the council was content that the £10 million economic benefit to the local economy was a good return on the "modest" investment of around £136,000.
Stuart Clark, the council's Head of Venues and Attractions, responded that feedback from hoteliers and local businesses has been "absolutely fantastic". He said businesses believe the venue is "such an asset to the area that it's worth every penny".
The council receives a profit share from Cuffe and Taylor, the company that operates the OAT in partnership with Live Nation. Last year's profit share was around £32,000, but this year it's estimated to be in six figures according to a report presented to councillors.
The council's financial report notes that the final profit share figure for 2024 is still being finalised and is "likely to be more than the estimate".
Rising costs are a concern for the council, but it's hoped that the continued success of the OAT will offset these increases. Stuart Clark saasy that the cost of staff and contractors is expected to rise each year, as is the fee paid to Live Nation for the use of the venue.
If the 2025 shows are as successful as expected, then the council's profit share should also increase. The OAT has seen record ticket sales in recent years, and the council says it is confident that this trend will continue.
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