Fire company expects loss on its country music event Officials say red ink won't affect planned move to old hardware store

July 15, 1996|By Donna R. Engle | Donna R. Engle,SUN STAFF

Westminster Fire and Hose Company expects a final tally on its first country music concert to show red ink, but it is uncertain just how much the loss will be.

However, fire officials said the loss won't affect the fire company's planned move from its historic building at 66 E. Main St.

Firefighters hoped to use profits from the July 7 concert -- featuring Diamond Rio and Patty Loveless -- to help meet various expenses, including monthly mortgage payments on the new fire company home, the former Smith & Reifsnider hardware and lumber store at 28 John St.

Despite the loss, company officials expect to continue to meet mortgage payments.

"We're not real discouraged," said James E. Bangerd III, fire company president.

He said that when concession stand income is added, "We may be a little in the red, but it's not going to be a major disaster."

Fire company officials said they don't have accurate revenue and cost figures available yet.

Concert co-chairman Louis Kessler said about 5,000 people attended the event at Westminster High School, but about 8,000 were needed to break even.

Tickets were $22 for adults and $12 for children.

Kessler said a final account will be available as soon he receives outstanding bills.

The company will receive a share of profits from the concession stand, which was run by the Westminster High School Band Boosters. Co-chairman Debbie Middleton said she didn't have figures available from concessions.

Westminster firefighters have raised $711,000 toward the $1.5 million capital campaign they launched last month to help pay for the move to a new building and converting the former lumber and hardware store to a fire station.

Company officials estimate that the total cost of moving to a new site and building a fire station would be about $3.2 million.

The fire company has its East Main Street building on the market for $750,000.

The company decided in 1995 to move because it needed space for larger equipment and because traffic congestion on Main Street hampered responses to emergency calls.

The money from the sale of the building will go toward the $1.8 million purchase price of the Smith & Reifsnider property.

Pub Date: 8/15/96

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