Finance: Arnold's Park shows financial progressBy BryanWood |
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Jul. 14th, 2004 --
Arnold's Park in Iowa has seen a 19.5% increase in revenue over last year, bringing in $596,000 through the end of June. The small amusement park has a net operating gain of $77,000 for this season. Last year, the park lost $146,000. This year, a combination of the revenue increase and trimmed expenses have yielded a nice profit for the Coney Island-inspired park. Arnold's Park still has a $1.7 million debt that they incurred to prevent housing developments being build in 1999. The park is developing a business plan to resolve the debt. For more information: Omaha World-Herald |
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