ANCHORAGE, Alaska — An Anchorage non-profit corporation that operates a popular indoor sports complex filed for Chapter 11 bankruptcy protection Saturday.
Anchorage Sportsplex, Inc., the non-profit that manages the Alaska Dome, says it needs to restructure its long-term debt. Officials say the facility, which opened in 2007 and cost just over $14 million, has faced unexpected financial difficulties from the start.
The Dome, as it's known, is the largest air-supported structure in North America at 601 feet long and 87.5 feet tall -- but this giant is struggling to break even.
"We've cut expenses as much as we can cut them, without our users feeling that cut," said Anchorage Sportsplex, Inc. CEO Alice Federenko.
At an initial hearing at bankruptcy court, the judge granted a motion to use cash collateral so that the dome could continue operating.
Anchorage Sportsplex, Inc. says it's having a hard time paying $95,000 a month, especially in summer months that aren't contracted by seasonal users like the University of Alaska Anchorage and the Anchorage School District.