This is one of the museums that have made a difficult decision to close its doors until 2021 in order to survive. Canada’s Sports Hall of Fame is proud of its almost 65 year run. But the Canadians have to enjoy another many more years of its commitment to showcasing the nation’s sporting history.
As we all are aware that the corona virus pandemic has forced the cancellation of the hall’s spring gala, costing the Calgary landmark of a major revenue because, closure of the museum at Win Sport until the new year reduces almost all of its overhead and buys it some time to recover after losing hundreds and thousands of dollars since the arrival of the COVID-19 crisis to Calgary in the mid of march, when the major issue was that the museum was forced to shut down indefinitely.
There are almost 90% of museums in Ontario are going to shut down in next three months and shutter the windows which was said by Bernard. The board has been fabulous about it and all were approved. So the model has to reduce all of its overhead cost by shutting the physical museum until the end of the year. The hall which operates with a tight budget will continue with its educational programs.
There is almost lost 75% of revenue the minute COVID. There is actually in great shape, and in a week, there is almost a loss of a half-million dollars of revenue through to the end of the year. The doors of the hall won’t reopen until 2021 and the fall fundraising gala in Toronto which celebrates the Class of 2020 and brings in about $210,000 has been postponed until the next year.