GREEN BAY (WKOW) -- The Green Bay Packers' 2016 fiscal records show a net income for the fiscal year of just under $49 million. The organization released the records Friday.
Our Green Bay affiliate WBAY tells us that a big source of their income this year comes from the atrium, which includes the Packers Hall of Fame, Pro Shop, and 1919 Kitchen and Tap. The 2016 fiscal year was its first full year in operation. Officials with the team say it set records in terms of total revenue.
There were also several large one-time expenses for the fiscal year, including restructuring league debt and Titletown demolition costs, which totaled about $20 million.
Titletown is expected to open in time for the 2017 football season, and will be a significant part of the team's future in Green Bay.
"Titletown will go a long way in going towards making sure Green Bay has a strong enough economic base to ensure that we can stay here in the long run," said Packers President and CEO Mark Murphy.