The non-profit ArtPrize organization itself added an additional $1.9 million in local spending for goods and services related to event operation, such as additional public safety, while raising some $1.8 million from more than 150 sponsors.
That paragraph seems to indicate a deficit on the part of the ArtPrize organization.
What’s in place to ensure the city continues to benefit from such an event if the organization responsible for running it continues to lose money?
