 The center lost nearly twice as much money as it grossed in its first full year of operations. Investigative reports by the Lakefront Outlook show that between August 17, 2004 and June 30, 2005, which marked its first fiscal calendar year, the HWCC show federal tax return revenues of $ 678,688, including government grants of $ 25,000 while its expenses totaled $ 1,269,514. It has essentially used all of the $ 2 million in private donations made during the construction and fund-raising phases. Despite a small steady flow of public money, Tobacco Road Inc., the non-profit manager of the center has had to refinance one of the three mortgages on the property. The property did make a $ 50,000 profit in 2006.
