COOS BAY, Ore. — The Festival of Sail’s visit to Coos County was not a financial windfall.
A summary report released by the Coos Bay Boat Building Center shows last month’s event resulted in a net loss of more than $80,000.
The World newspaper reports that attendance numbers fell short of projections. Prospective sponsors were told that the four-day event that featured historic ships had the potential to attract tens of thousands of people.
But only about 4,000 tickets were sold. Another 2,700 complimentary tickets were given to sponsors, Coos Bay and North Bend elementary schools and The Mill Casino.
