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Fucking Recession....


KillJoy

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The cancellation of the event comes after Oktoberfest – celebrated in some form in Columbus for about 50 years – saw one of its worst years in recent history, O’Donnell said. In hosting the event in the Arena District last year, the society spent about $275,000 and netted $17,000. Just a year before, in one of festival’s best years, the society spent $270,000 and netted $132,000.

 

http://www.bizjournals.com/columbus/stories/2009/07/06/daily18.html

 

 

I've always enjoyed the Italian Festival more, but this is definitely not good for the city.

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Last night on the news, they said that it's not canceled, it's just greatly reduced in size. Anyone have any more info on this?

 

Edit: I read the article that Tim posted.

 

The board in a statement said the possibility of a much smaller Oktoberfest this fall might be discussed at an August meeting, but O’Donnell said the society “would not be looking at closing down any street.” A likelier proposition, she said, is working with area businesses to host sales and other specials during the month.
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I'm fairly certain there will still be one....it just won't be hosted by the same people. I know one of the guys that's talking with other investors right now to set it up. It's not 100% but a couple of key people are already onboard.
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