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Originally Posted by Dadhawk
Based on their note "World of Speed Motorsport Museum had an incredible five-year run in Wilsonville." they must have never been too financially sound.
Still, hate to see any place like this close. Hopefully the collection will find good homes where they can still be seen.
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It's was a profitable, going concern. Many of the exhibits were on loan from private collectors so will be returned to their owners.
"According to the museum's most recently available tax filings, it generated more than $2.6 million in revenue in 2018 - more than $340,000 of that from admissions and program fees - and ran in the black by about $400,000 after expenses. Salaries and officer compensation for the museum's 33 employees and executive director in 2018 totaled nearly $990,000. Those admissions and program fees came from more than 51,000 visitors throughout the year and from providing educational programs to more than 6,000 people."
https://www.hemmings.com/stories/202...posed-shutdown