Here’s the big picture. The France Family Convention Center Annex the public built for $200m. was supposed to attract 66,000 visitors a month, then 50,000 but in September drew 16,327 after getting 23,534 in August.
Instead of posting an expected July-August-September surplus of $854,243 the HOF lost $448,000. Expenses were $871,202 for September and $888,336 in August. Revenue, $612,680 for September and $607,827 for August. With per person revenue at $25 the Hall needs at least 30,000 visitors a month to have any hope of covering expenses. Even so, that assumes $100-150K a month can be shaved off of costs.
Right now the HOF is on track to have an operating deficit of $2-3m. in its first year — something boosters swore up and down would never happen.
