1971-1972 Glenbriar Incident: During the 1971 festival it was expected that there would be a net profit of $84,700, leaving the festival with a surplus budget of $8,745.67. The expected profit included an assumption that the Heidelberg Haus would bring in a surplus of $7,000 based on the previous year's performance. As the event closed and the accounting began, it became obvious that something was wrong, as the event was showing an operating loss of $17,704. The issue was traced back to underperformance at the Heidelberg Haus that showed a $7,000 loss instead of a profit. The issue became worse for K-W Oktoberfest when their office's lease was canceled due to financial reasons. This was quickly solved as Waterloo Town Square offered office space to the organizers.