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  • From: tom poe <tompoe AT amihost.com>
  • To: Open Studios <Open_Studios AT yahoogroups.com>
  • Cc: Community Studios <community_studios AT lists.ibiblio.org>
  • Subject: [Community_studios] [Fwd: Re: Jazzfest revenue falls short of forecast/Foundation looking for ways to cut costs]
  • Date: 23 May 2004 13:32:14 -0700

-----Forwarded Message-----

> From: Paul Nunis <thebluescaster AT YAHOO.COM>
> To: BLUES-L AT LISTS.NETSPACE.ORG
> Subject: Re: Jazzfest revenue falls short of forecast/Foundation looking
> for ways to cut costs
> Date: 23 May 2004 12:50:53 -0400
>
> "It's the first time since the '70s that revenues have not exceeded
> expenditures," said Louis Edwards, associate producer of the Jazzfest.
> Expenditures totaled about $10 million, Edwards said."
>
> When you put money into an event for that many years, and only have one
> year where your proceeds are lowered due to weather, that's pretty damn
> good...without more information, it sounds like there was an unrealistic
> reliance on there never being a bad year, which seems like poor judgement.
>
> Rather than cutting funding for groups and people who didn't have anything
> to do with causing it to rain, perhaps they should be working on how to
> build up event insurance and a rainy day funds sufficient to carry them
> through such downturns, so they can keep going over the long run.
>
> Paul
>
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  • [Community_studios] [Fwd: Re: Jazzfest revenue falls short of forecast/Foundation looking for ways to cut costs], tom poe, 05/23/2004

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