Charlotte Regional Visitors Authority officials rejected early, more modest attendance projections for the NASCAR Hall of Fame as competition to host the facility intensified between Charlotte, Atlanta and Daytona.
"It is not clear what, if any, due diligence was conducted in support of these upward revisions," concluded a report released today from a consultant who studied the authority.
Click here to read the Pricewaterhouse Coopers report.
The report said it is possible that the hall's failure to hit its projected first-year attendance of 800,000 - 274,000 visited in its first year - resulted from the weak economy.
But the CRVA chief executive and its board of directors should have clearly identified the potential lack of supporting evidence for the projections at the tax-supported project, the report said.
- Doug Miller