New Orleans: Foul Times for a Fair

"Let the good times roll!" exulted Louisiana Governor Edwin Edwards when he opened the World's Fair in New Orleans last May. Alas, the 1984 Louisiana World Exposition has seen nothing but hard times. The fair has been losing $1 million a week; average daily attendance has been 40,000, a sorry response to the spring predictions of 70,000. And last week the fair defaulted on a $40 million bank loan by failing to make its $450,000 monthly interest payment. The festival on the levee has no chance of breaking even, but New Orleans has Beleaguered exposition agreed to postpone collecting...

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