PROVIDENCE, R.I. (AP) – A Mechanicsville, Va. company has been selected to run the Fleet ice skating rink in Providence, which has been plagued by operating deficits in recent years.

The city’s Board of Contract and Supply awarded the contract to Rink Management Services Co. on Tuesday.

Rink Management Services offered to run the skating center for the current season for $35,000, then negotiate a five-year management contract in which it would be paid a percentage of gross revenues. Another option is to run the facility year-round for $5,000 a month.

The outdoor rink in downtown Providence has lost money in four of the past six years. It opened for the winter season last weekend.