According to The Examiner Carnaval will happen, despite being in debt due to a combination of poor fiscal management and rising fees, at a cost of $300,000, scaled down from $900,000 last year. The organization that puts it on is around $170,000 in debt and the city intends to find out why.
[photo by Volker Neumann]
[hat tip Mission Local]
UPDATE: They need volunteers, you can sign up here.
Lets make Zuckerberg the Grand Marshal and maybe he will fund it.
I’m sure these events cost money to put on, but couldn’t they make all that money back selling beer and hotdogs or whatever?
Well, yes, but not if the organizers skim their retirement funds off the top.
They make money through the vending only insofar as they attract large crowds of people with money to the street fair (where the official vendors operate) and then have vendors who offer something that those people want to buy. However, it is the policy of the organizers not to do this and so little money is made.
I’d love to see a breakdown of that $900K in costs — that seems awfully high. Or maybe a comparison with other events that require a similar level of police presence/street closures/cleanup.
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