- Associated Press - Tuesday, January 13, 2015

DENVER (AP) - Organizers of the Colorado State Fair say the annual gathering is in the midst of a financial turnaround even as it continues to lose money.

The Denver Post reports (https://dpo.st/1AdybTH ) an audit released to a legislative committee Tuesday shows the fair had a 3.3 million operating loss for the fiscal year that ended last June 30, which was $500,000 more than the previous annual audit.

But Colorado State Fair Board Chairman Art Bosworth II and the fair’s general manager, Chris Wiseman, told the Legislative Audit Committee that the evaluation’s June 30 end date doesn’t account for a successful 2014 fair or many of the budget cuts and fundraising efforts that have taken place since.

Wiseman says that while the fair itself is profitable, the cost of maintaining the 80-acre site in Pueblo year-round drives the losses.

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

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