Why Cal Expo Could Disappear Forever
By Marilyn Nelson on April 8, 2021
In a statement on their website, Cal Expo revealed how the pandemic has been devastating to their revenue stream.
Because of COVID-19, Cal Expo was forced to cancel all of its events in 2020 including the California State Fair, costing the venue an estimated $16 million in revenue.
“As an independent state agency, Cal Expo does not receive operating funds from the State or qualify for traditional PPP loans or much of the federal assistance and resources that are given provided to small businesses and corporations to help weather these harsh economic times,” The statement said. “Without assistance, Cal Expo may be gone forever…”
Throughout the pandemic Cal Expo has opened its doors as a COVID-19 testing site and a temporary site for homeless trailers “with very little assistance from the state.”
“The reality is Cal Expo will not be able to continue operating soon, and that is after making devastating cuts and issuing layoff notices.”
You can read an additional statement from Mike Testa, President & CEO of Visit Sacramento HERE.