On Friday, January 5th, the Wisconsin Joint Legislative Audit Committee released a long awaited report detailing the operations State Fair Park from mid-2013 through mid-2017.
The report called out the State Fair Park agency for poor record keeping and inconsistent procurement procedures. In addition, the report found that State Fair Park does not have a comprehensive, long-term plan for assessing the condition of its primary grounds and facilities or a formal plan for the future use of the Milwaukee Mile racetrack.
Track Revenue Down
The Milwaukee Mile, which hasn't hosted a major league race since 2015, continues to generate revenue for State Fair Park through a variety of uses including racing clubs, driving schools, charitable events and other private events. The track generated $286,400 in revenue during the 2016-17 fiscal year. That's down from $487,100 generated during the 2012-13 fiscal year. The decrease is largely due to the lack of major racing events, which generated an average of $102,000 per event in previous years.
In addition to revenue generated exclusively by on track activities, the Milwaukee Mile is heavily used during Wisconsin State Fair. The grandstand is used for the main stage headliner acts during the fair, and the track itself is used for parking 3,000 cars per day. However, for a variety of reasons, State Fair Park was unable to determine the amount of revenue specifically generated by the track during the fair.