Vancouver Civic Theatres Rental Rates 2023-2024
Motion 4 · Standing Committee on Policy and Strategic Priorities, November 16, 2022
Summary
- Approved a 4% rental rate increase for commercial licensees and a 3% increase for not-for-profit, Theatre Rental Grant, and VCT Grant licensees at Vancouver Civic Theatres for the September 2023 to August 2024 season.
- Rate increases reflect inflationary cost pressures and are benchmarked against comparable facilities locally and nationally.
- Revenue from higher commercial rates at the Queen Elizabeth Theatre and Orpheum helps subsidize the smaller community venues (the Annex and Vancouver Playhouse).
- A facility fee increase of $0.25 per ticket was also approved, with net proceeds directed to the capital maintenance reserve.
- Estimated net increase in rental revenue of approximately $184,210 for the season.