AC-T: Moogfest 2014 loses $1.5 million

Asheville Citizen-Times

By Carol Motsinger:

Moogfest 2014 lost more than $1.5 million, according to a grant application from the organizers of the five-day Asheville festival designed to celebrate art, technology and music.

Moogfest ticket sales totaled more than $712,000, with food, beverage and merchandise sales at around $29,000. Expenses totaled more than $2.7 million. The majority of the festival costs came from talent. Festival organizers Moog Music spent more than $1.5 million on artists and artists travel, hotel and meals.

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