The results of a preliminary review of the financial performance related to Newbo Evolve, which featured Kelly Clarkson and Maroon 5 concerts, was released today by the Board Directors of GO Cedar Rapids. The preliminary numbers show an estimated loss of $2.3 million from the event. Both the CEO and Director of Community Events have been fired as a result. The festival was held August 3-5 in Cedar Rapids. A news release says Go Cedar Rapids Board Chair John Myers will assume operational control of the organization until the board selects an interim CEO to run day-to-day operations. This search is currently underway.
