KOB.Com – SE New Mexico
ALBUQUERQUE, N.M. (AP) – New Mexico State Fair officials are blaming a 17.5 percent drop in attendance for a $620,300 decline in revenues from this year’s fair.
A preliminary report by Expo New Mexico chief financial officer Joe McIntyre shows that total revenue for the fair, which ran from Sept. 5-21 at Expo New Mexico, was more than $5.4 million – more than 10 percent below the previous year’s revenues.
Attendance for this year’s event was 602,504, down from 730,529 the previous year. Fair officials have blamed tough economic times and high gasoline prices for the drop in attendance and revenues.
The report shows that carnival ride revenues fell by more than a quarter, while admission sales and art sales both fell by more than 5 percent.