TUPELO — The King can still turn a profit.
The Northeast Mississippi Daily Journal reports organizers of the Tupelo Elvis Presley Festival say the 2012 event made about $68,200.
The Downtown Tupelo Main Street Association puts on the June festival, which includes Elvis events at the Lyric Theatre and concerts in Fairpark. At the monthly board meeting, the treasurer reported net income from this year’s festival was $68,203.
The festival made about $70,000 last year.
The board plans to continue with bigger entertainment acts. At its board retreat July 27, members voted to increase the Elvis Fest entertainment budget to $90,000.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info