Officials now say the city lost $187,038 putting on last month’s Modesto Grand Prix, which featured superkarts racing on downtown streets before thousands of spectators.
Officials initially reported about two weeks ago that the city lost $77,967. But that did not include overtime costs for city employees who worked on the race. The revised figure includes $109,070 in overtime spending.
Modesto had expected to make at least $50,000 on its first grand prix.
City officials also have increased the number of people they believe attended the Aug. 1-3 grand prix. They had been citing attendance figures of 10,000 to 12,000 based on ticket sales of 8,035, as well as the 1,500 tickets given out to promote the race. Children 10 and younger attended for free.
Acting Parks, Recreation and Neighborhoods Director Andy Johnson said the city now estimates the attendance at 16,000.
City officials say Modesto brought in $352,500 in revenue for the race against expenses of $539,538. The revenue consisted of $103,500 in ticket sales, $224,000 in cash donations and $25,000 in what the city received from booths selling food, beverages and merchandise at the grand prix. The expenses included setting up and breaking down the course, temporary fencing, security and lighting for the nighttime races.
The city incurred $109,070 in overtime costs. Those costs were $29,432 for police officers, $23,048 for firefighters, $6,158 for Finance Department employees and $50,432 for employees from the Public Works and Utilities departments.