NASCAR Shrine losses mount
The Charlotte Regional Visitors Authority, which operates the HOF, “projected an operating profit of $800,000 in the first full year and instead" lost $1.5M. CRVA Board Chair Joe Hallow said, “I think break-even would be a terrific win. The question is, if we are able to get the business to operate needing a subsidy of half a million dollars a year, is it worth it? In my personal opinion, it would be." CRVA CEO Tom Murray “vows to at least reduce the deficits as part of a broader reorganization and cost-cutting campaign." Spanberg notes sales, marketing and PR, “among other areas, will be consolidated so staffers work on more projects." The HOF will enter its third year “likely 30% behind already downsized revenue projections" CHARLOTTE BUSINESS JOURNAL