CHEYENNE, Wyoming (AP) - Cheyenne Frontier Days may be drawing impressive rodeo crowds. But the financial health at the "Daddy Of 'em all" isn't so grand.
Federal tax returns show the nonprofit rodeo lost $1.36 million between 2006 and 2008. The 10-day rodeo last month drew nearly 192,000 people, the best attendance since 1999, but news out of Cheyenne says the rodeo has been spending more than it has taken in for the last three years.
Frontier Days officials acknowledge this claim, and say the losses were caused by higher prices for feed, fuel and performers, plus the cost of improvements such as a large screen for replays in the arena.