Thursday, August 05, 2010
Music Festival Sounds A Sour Note
KENTUCKY...
A three-day music festival held in July at Churchill Downs was a money-loser for the track's parent company.
Churchill Downs Inc. reported Wednesday that the Hullabalou Music Festival lost more than $5 million, about twice as much as it expected to lose on the debut event held at the company's flagship track.
Churchill Downs cited hot weather and declines in concert ticket sales nationally for the poor showing.
The music festival in July drew more than 78,000 fans from 47 states, and the Louisville track had said it was going to do it again next summer.
# posted by Homer Owens @ 9:20 AM 
