Is the WS event in the hole $75k already and where is this up to 5,000 visitors coming from?

From The Pub's perspective, the 10U World Series event is in the hole $75k already with the loan from WPRD reserve fund for this event.  Going to be interesting if this $75k gets paid back to the WPRD reserve fund or not?

From WincStar on Feb. 24, 2010:
http://winchesterstar.com/pages/view/series.html

The City Council voted 8-0 Tuesday to authorize spending $75,000 to obtain the contract to host the 2011 Cal Ripken-Babe Ruth 10-Year-Old World Series.

The vote came after the council received a revised plan for holding the tournament. The board reviewed the idea during its pre-meeting work session and added the item to its meeting agenda.

Council President Jeffrey Buettner was absent.

Brad Veach, the city’s parks and recreation director, requested $75,000 in reserve funds for the tournament.

That money will be added to a matching contribution from Winchester Baseball to provide $150,000 for contract fees, facility repairs, and operating funds.

Veach said he thought the event would yield at least $75,000 in revenue, which would enable the money taken from the reserves to be replenished.

Council Vice President Art Major asked Veach to put his department’s money where his mouth is, proposing that any reimbursement shortfall be taken from the parks budget for fiscal year 2011. Veach agreed.

What is the up to 5,000 visitors representing?  How did someone come up with that number?

Baseball series could attract 5,000 visitors

And pump up to $750,000 into local economy

July 22, 2011
By Val Van Meter
The Winchester Star
     
Parks and Recreation Director Brad Veach said about $150,000 has been generated, in cash and in-kind donations, to refurbish Yost Field - pictured above, provide transportation, and offer special trips and incentives to the visitors during the upcoming Babe Ruth League, Cal Ripkin 10-Year-Old World Series. 

Winchester Parks and Recreation Director Brad Veach sees 10-year-old baseball players and thinks tourist dollars. 

At Thursday morning's meeting of the Winchester-Frederick County Tourism Board, he told members that the upcoming Babe Ruth League, Cal Ripken 10-Year-Old World Series could bring as many as 5,000 people to Winchester next month.

He added that those visitors could pump $750,000 into the local economy. 

http://winchesterstar.com/articles/view/baseball_series_could_attract_5_000_visitors

Previous supporting posts of interests:
http://thepibbsterspub.blogspot.com/2009/10/financial-impact-on-winchester-if-they.html

http://thepibbsterspub.blogspot.com/2009/10/what-are-economic-multipliers.html

http://thepibbsterspub.blogspot.com/2010/02/2011-10yr-old-cal-ripken-world-series.html