“following last year’s ‘coming back’ festival, trends in costs of putting on events of this nature on lead us to do a deep dive into our finances,” said society president mark zuberbuhler. “while the event was successful on many fronts, after looking at the gap between costs in mounting the festival and the anticipated revenues we can bring in to support it, we’ve determined that it just isn’t viable.”
while artist’s fees held steady from 2020 levels, zuberbuhler said that every other aspect of operating costs have risen more than 40 per cent over last year. the board determined it would need an additional $500,000 to produce an event this year and knows those costs will only continue to rise.
mark zuberbuhler is the president of the vancouver folk music festival board. the board is calling for a vote to dissolve the vfmf as an entity on feb. 1 and the 2023 event is cancelled.
photo: peter holst
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“the cost increases around renting stages, port-a-potties, fencing and such went up astronomically,” he said. “a number of our suppliers went out of business, and we found ourselves competing with the film industry and others for some of these products. it was very, very challenging to compete.”
another factor in the decision to cancel 2023 is the change in industry practices post-pandemic. major events typically rely on ticket revenues to finance operating costs. standard practice today is cash up front.