Tall Ships Leave Without Dubloons
Apparently the Vancouver Sea Festival lost a boatload of money (decaying link). We won’t know how much for a few days, but apparently they hoped to sell 28,000 tickets but only sold 20,000. The weather was bad, but there were also complaints about long lines to see the main attraction–18 tall ships. The tall ship owners left port with only a fraction of their deserved cash. In light of how much coverage and advertising the festival received, it’s remarkable that they didn’t do better.
The part of the article that was most interesting to me, however, was the last one, which discusses festival chairwoman’s background:
Podmore chaired the Richmond Tall Ships festival in 2002, which attracted massive crowds but lost $2 million. Podmore pitched the project again to the city in 2004 as head of a non-profit society similar to the Sea Vancouver society, but Richmond refused to invest the $500,000 requested by the society to run the event.
If they want to run this festival again, I’d hope they have somebody else at the helm. Government agencies like British Columbia Lottery Corporation and the Vancouver Port Authority might want to be shrewder with their sponsorships as well.
UPDATE: Somebody commented with a link to an update from CBC–apparently the debt is about CAN $200,000. That, admittedly, pales in comparison to $2 million. I spoke to a musician friend of mine who played at the festival, and they hadn’t been paid yet.