Events

Taste of Chicago Lost Money. Look For That To Continue

A private enterprise that declines in attendance and profitability will close. No such worries for the Taste of Chicago… at least for now. Though the city is being uncustomarily reticent about actual figures, which were usually announced with fanfare in the past, Cultural Affairs Commissioner Michelle Boone admits to the Sun-Times that the $6 million festival isn’t “close to breaking even.” And as Jim DeRogatis points out at his WBEZ blog, one sign it was a big flop was the resignation after the event of “Ann McNabb, Deputy Commissioner of DCASE, Finance Director of Taste of Chicago and niece of former Daley Budget Director Ed Bedore.” The restaurant side seems to have done well enough, according to a Sun-Times report, but it appears that it couldn’t generate the volume to cover the costs of a five day free festival of music. Since the Taste, until recently, produced funds which went to pay for other lakefront music festivals, if there’s no path to profitability for the festival, the impact on those other events is likely to be severe as well. [Sun-Times]

Taste of Chicago Lost Money. Look For That To Continue