The Powerhouse Museum is one of the state's few cultural institutions to survive COVID-19 in the black after months earlier running out of cash, newly released financial figures show.
But COVID proved an unexpected bonus with the museum emerging from lockdown with a net profit of more than $4 million. It's not common for government agencies to go into "bank overdraft", according to the NSW Audit Office.The NSW Opposition said the government had serious questions to answer about the cash flow issues at the Powerhouse Museum.
"With the delivery of Powerhouse Parramatta ahead of us as well as the renewal of Powerhouse Ultimo there is a huge amount to look forward to in 2021."
LindaMorrissmh Unacceptable A Public Good cannot make a profit Begone to Parramatta-'Powerhouse Modern'! ;)
LindaMorrissmh It will still get knocked down
LindaMorrissmh