Reagan's boyhood home 'bleeding money,' at risk of closing
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Former President Ronald Reagan’s boyhood home in northwestern Illinois, now a tourist attraction, is at risk of closure amid major financial losses, according to the Chicago Tribune.

The cost of maintaining the Dixon, Ill., house, which is run by a nonprofit organization that conducts tours and operates a museum, is far greater than the revenues it brings in, according to the Tribune, with recent tax records indicating it runs a deficit of over $80,000.

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Patrick Gorman, executive director of the Ronald Reagan Boyhood Home nonprofit organization, speculated interest is waning in Reagan 15 years after the former president’s death. The museum sees between 5,000 and 6,000 annual visitors, compared to about 20,000 in 1994, according to the newspaper.

However, interest in historical sites is also down across the board, according to experts. “Visitation to these sites is down. People don’t go anymore,” William Furry, executive director of the Illinois State Historical Society, told the Tribune.

Gorman recently took out a line of credit to make needed renovations to the property, and as a result, revenue spiked between 2014 and 2017 from $67,000 to $108,000, but still failed to clear expenses, particularly with the debt incurred from the remodel, according to the Tribune.

“The bleeding is going to continue,” Gorman told the newspaper. “We need staff here that we cannot afford.”