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Saturday, October 1, 2016

Echo Park business group learns a lesson in festival finance

When city officials gave up on the giant Lotus Festival, the Echo Park Chamber of Commerce stepped in to fill the void by staging the Echo Park Community Festival earlier this month. But, it turns out, the smaller festival created its own void – in the chamber’s bank account. Chamber president Mitchell Frank informed members earlier this week that the festival costs exceeded revenues by as much as $7,000, according to early estimates. The event might have received many complements for being a fun and neighborhood-friendly but it failed to attract sufficient sponsors and vendors to cover expenses.

So, beginning in August, the chamber (The Eastsider is a member) will be holding a series of fundraisers at local businesses to help cover the costs. Some of those events were already planned but the money raised will now go to fill the gap the Echo Park Community Festival left behind. Ready to write a check?



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