- Associated Press - Wednesday, July 15, 2015

PUEBLO, Colo. (AP) - The Colorado State Fair could be ending its 146-year run in Pueblo as a legislative committee looks to fix the event’s cash flow problems.

The Denver Post reports (http://dpo.st/1SmbSEK ) that the fair has been losing money and depending on millions of dollars in taxpayer subsidies for the last 13 years. Auditors told legislators Tuesday that there is no solution if the fair remains at its current location.

Members of the Legislative Audit Committee suggested the fair move from Pueblo to another Colorado community that might bid for it.

The city of Pueblo has cut financial support of the event by two-thirds the last three years. It generates about $29 million in economic impact to the area.

The fairground lost $3.3 million last year and receives about $2 million in state and local contributions.


Information from: The Denver Post, http://www.denverpost.com



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