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PNE/Playland predicts gross loss of $52 million due to COVID-19 shutdown

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globalnews.ca

A visit to PNE/Playland is a summer staple for many in B.C., but due to the novel coronavirus this year, the fair gates will remain closed.

As a result, the event is projected to lose up to $52 million in gross revenue, according to spokesperson Laura Ballance, while net revenue losses could reach $10 million depending on when the PNE might resume operation.

In mid-April, provincial health officer Dr. Bonnie Henry said physical-distancing measures put in place to limit the spread of COVID-19 will remain throughout the summer, and that organizers of large outdoor events should think about alternatives. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] “We do not have enough herd immunity to protect everybody and

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