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Home News Internal Audit Iowa festival reports $2.3 million loss

Iowa festival reports $2.3 million loss

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Olympic figure skater and LGBTQ advocate Adam Rippon talks coming to Iowa and the power of being yourself.
Michael Zamora, mzamora@dmreg.com

A Cedar Rapids festival launched by the city’s convention and visitors bureau lost millions, city officials said Tuesday.

Newbo Evolve, a three-day arts and music event featuring headliners Kelly Clarkson and Maroon 5, lost an estimated $2.3 million, Go Cedar Rapids board chairman John Myers said in a news conference.

Organizers provided the board with inaccurate ticket sale and sponsorship funding estimates in the days leading up to the festival, Myers said. The board…

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