After several years of financial troubles, the nonprofit that produces the Houston International Festival will file for federal bankruptcy protection this week, according to a report in todays Houston Chronicle that claims spending has begun to exceed income by as much as $250,000 a year and has led to debts of more than $1 million. We are proud to say the Colorado Balloon Classic and Colorado Springs Balloon Classic, Inc. remain debt free thanks to our Board of Directors and great Leadership Team!!
Posted on: Thu, 05 Jun 2014 16:27:23 +0000