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Steve Irwin's Australia Zoo Is Struggling With Debt

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Steve Irwin’s legacy, the Australia Zoo, is currently in financial crisis. Things have gotten so bad recently that the zoo had to let go of twenty-two employees.

Zoo officials blame the debt on a decrease in tourism, the recent floods and the global economic downfall. However, other sources close to the zoo say that the institution simply overextended itself and made poor financial decisions. In addition, they are not bringing in the same kind of money they were before Irwin’s death.

Former curator Bruce Murdock said, “They have blown millions on poor planning and poor execution. Steve had a lot of dreams but they were massive dreams that only he could fund. They are trying to do it on the back of Bindi and Terri but I don’t think they can support it.”

Terri Irwin disagrees with that assessment. She said in rebuttal, “I have absolutely no intention of closing Australia Zoo. Again, our wildlife hospital is running, our wildlife experiences are continuing, and we fund our conservation projects with people who come into Australia Zoo. Nothing has closed. Nothing will close.”

Steve Irwin died in September of 2006 after being pierced in the chest by a stingray while filming for his show. Today would have been the Crocodile Hunter’s 49th birthday.

Via News Limited

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