BIZ BUZZ: 2010 Elvis Fest expected to make more than $80K

By Biz Buzz

The 2010 Tupelo Elvis Presley Festival is expected to make between $80,000 and $90,000, according to festival organizers.

At today’s board meeting of the Downtown Tupelo Main Street Association, treasurer John Avila said the numbers aren’t completely finalized but net profit is expected to come in around $88,000 to $89,000. Avila also was this year’s co-chair of the festival.

He said the numbers are a tad below last year’s figures, but he attributed the difference to a 22 percent increase in expenses this year.

“Overall, we feel it was a pretty successful festival,” Avila said.

Read more in Wednesday’s Journal.