Budweiser Gardens is reporting a financial loss for the 2019-2020 fiscal year, but city staff say they do not anticipate that it will have a large impact on the City of London’s budget.The venue’s 2020 annual report was presented to the corporate services committee on Monday and showed an overall loss of $648,422 in its last fiscal year.
Coronavirus: CCMA Awards in London, Ont., pushed to November In the report, city staff note that Budweiser Gardens was “on pace to have another successful year” before the onset of the pandemic, which forced the venue to close.“This significantly impacted their ability to generate revenues, which resulted in Budweiser Gardens incurring a financial loss for the first time since it began operations 18 years.