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Riversport Foundation reports revenue gains, seeks and wins event permits
Summary
Riversport Foundation told the Riverfront Redevelopment Authority its year-to-date revenue through February was ahead of last year while expenses rose; the authority approved multiple revocable permits for Riversport and other river events.
Riversport Foundation reported that total revenue through February was ahead of the prior year even as expenses rose, and the Oklahoma City Riverfront Redevelopment Authority approved multiple revocable permits for Riversport events and other river uses.
The foundation's representative told trustees that higher expenses were driven mainly by contract labor for security and janitorial work, though janitorial services have been moved in-house and two security officers were hired. "Total revenue through February, was ahead of prior year," the Riversport Foundation representative said. The foundation reported net income for the first quarter was about $72,000 less than the prior year.
Why it matters: Riversport is a major operator on…
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