Wednesday, August 8, 2012
TUPELO, Miss. (AP) — The King can still turn a profit.
The Northeast Mississippi Daily Journal reports that organizers of the Tupelo Elvis Presley Festival say the 2012 event made about $68,200.
The Downtown Tupelo Main Street Association puts on the June festival, which includes Elvis events at the Lyric Theatre and concerts in Fairpark. At the monthly board meeting Tuesday, the treasurer reported net income from this year's festival was $68,203.
The festival made about $70,000 last year.
The board plans to continue with bigger entertainment acts. At its board retreat July 27, members voted to increase the Elvis Fest entertainment budget to $90,000.