Topics

Museums

Colonial Williamsburg annual report shows mixed signals

Colonial Williamsburg annual report shows mixed signals

There are two ways to read Colonial Williamsburg's 2015 Annual Report released with the current issue of "Trend & Tradition."

It could be read as the record of improvement: Revenues were up, expenses were flat and the Colonial Williamsburg Foundation operated the Historic Area — which has historically produced at an operating loss — with a smaller loss than in 2014.

On the other hand, despite reporting the "strongest summer visitation since 2008," Colonial Williamsburg sold a lower-than-expected 574,300 tickets — which includes student and youth groups — and the foundation's net worth fell for the second year in a...