Tonawanda News

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April 5, 2013

City, Canal Fest debate profit numbers

(Continued)

Tonawanda News — The document shows that total concession payments started out at $31,843 in 2008 and in 2010, went up to a high of $38,957. In 2011, total concession payments amounted to $34,266, and in 2012, the number increased to $35,274.

But Fahs said those numbers aren’t indicative of the ride operator’s profits, as each stand’s showing ebbs and flows over the years depending on various expenses. 

But the Carousel Society of the Niagara Frontier’s profits are a percentage of ride operator Corky Powers’ revenues, Fahs said. Those numbers went from $7,656 in 2010 to $6,501 in 2011, and then down again to $5,795 in 2012. 

That decrease from 2011 to 2012 amounts to a 10.9 percent reduction — not 20.

But Fahs has argued that 2011 shouldn’t be included in the analysis, as weather that summer prevented many from coming to the event. When 2011 is left out of the mix, a 24.3 percent 

But Zeisz pointed out that 2012 was the first year Powers wasn’t able to operate rides on Sunday, per a new state law. That in itself could account for the decrease, he said.

“I don’t see the 20 or 25 percent drop across the board,” Zeisz said. “We are talking about a difference of just six hours.” 

Contact reporter Jessica Bagley at 693-1000, ext. 4150

Contact reporter Jessica Bagley at 693-1000, ext. 4150

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