Royal B.C. Museum faces $491,000 deficit: Poor response to British exhibit adds to impact of government cuts and economic downturn
The Royal B.C. Museum will end one of its worst financial years this month, after slumping attendance, government cuts and lacklustre response to an expensive British exhibit pushed the organization into a rare deficit.
CEO Pauline Rafferty said the museum, which has chronicled B.C.’s history for 124 years, must now work its way out of a $491,000 financial hole amid sluggish ticket sales.
“Like many organizations, we’ve certainly seen the impact of the economic downturn,” she said.
“We’re certainly seeing a decline in admission revenue, and that is troubling.”
As a Crown corporation, the museum is not allowed to run a deficit but received special permission to do that this year.
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