WEST ALLIS, Wis. (AP) -- Wisconsin State Fair Park is close to paying off its debt to the state after it had a $4.3 million surplus in 2010.
The Milwaukee Journal Sentinel reports (http://bit.ly/pe7owu ) strong attendance in 2010 and revenue from year-round events helped Wisconsin State Fair Park. The 2010 fiscal year ended June 30.
The fair reported revenue of $21.9 million and expenses of $17.6 million.
In 2005-'06, the deficit was $11.5 million. The debt has been reduced to $242,900.
Strong attendance at the 2011 fair is expected to produce strong revenue for the current fiscal year.
Chief Executive Officer Rick Frenette says they hope to eliminate the debt altogether by the end of the 2011 fiscal year.
Information from: Milwaukee Journal Sentinel, http://www.jsonline.com
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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