NewsLocal News / November 14, 2016

Westfield Park Far From Breaking Even, Earning Profit

Grand Park in Westfield has operated millions of dollars in the red and is projecting a $3.86 million deficit next year.Westfield, Grand Park, youth sports, recreation2016-11-14T00:00:00-05:00
Westfield Park Far From Breaking Even, Earning Profit

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WESTFIELD, Ind. (AP) — A park in an Indianapolis suburb hasn't made money since opening more than two years ago.

The Indianapolis Business Journal reports Grand Park in Westfield has operated millions of dollars in the red and is projecting a $3.86 million deficit next year. Revenue is growing, but expenses are as well.

Westfield officials say they aren't worried because the park wasn't meant to earn a profit, but was designed as an economic development tool to attract visitors and private investments.

Youth-sports facility management experts also say there's no reason to worry about the park's deficits.

University of Indianapolis assistant professor of sports management Michael Diacin says sports and recreation generally isn't a very lucrative business and he's not surprised the park still isn't breaking even so soon after opening.

 

 

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