After turning $300K profit from Olympic trials, UI weighs future bids

[HawkeyeHypnosis]

http://www.press-citizen.com/articl...trials-UI-weighs-future-bids?odyssey=nav|head

From article:

Ticket sales accounted for the bulk of the income, with UI raking in $780,000 from the gates. It also sold $82,000 in concessions, made $60,000 from programs and bracket sheets, $33,000 from parking and $21,000 from sponsorships.

“We had pre-planned that we thought we needed about 8,000 people to attend in order to just break even without receiving any other additional monies from sponsorships,â€￾ Schamberger said. “When we put those numbers together, we felt confident enough to move forward, and then it was just a matter of hitting that number.â€￾

The financial impact of the trials went well beyond UI. A study conducted by the Convention and Visitors Bureau earlier this year found the event generated more than $5.6 million for Johnson County, drawing 11,655 fans from out of the area who spent on average $201 a person while in town.

Klatt confirmed that the success of the trials has led to discussions about hosting future national events in wrestling and other sports.

 

[goiahawks]

That's interesting. I hope they bring it back in the near future

 

[AFHawk86]

I'm glad to hear the income from this event will go back into Iowa wrestling, although the statue and upgrades have already occurred...so it appears the U of I was counting on making a profit at the trials to cover these costs or they've freed up money to be spent elsewhere.

"The surplus will be used to pay for the 7-foot bronze statue unveiled at the trials of former Hawkeye wrestling coach Dan Gable outside the arena, as well as upgrades to the wrestling program’s facilities, UI says."