Can Vancouver Folk Music Festival be saved? Organizers exploring new options

The fate of the Vancouver Folk Music Festival isn't sealed just yet, according to organizers.
The festival's board revealed Thursday that several interested parties have come forward with proposals to help keep the annual event alive, and that members are exploring all options.
"This is very encouraging and the board is actively engaging with these parties to see how these possibilities might be turned into reality," reads an update on the festival's website.
"At this stage in our discussions, we must keep the details confidential."
The board has also pushed back its Annual General Meeting – during which members were expected to vote to dissolve the Vancouver Folk Music Festival Society – from Feb. 1 to March 1.
Last week's announcement of the festival's cancellation was a major blow to the event's many fans, some of whom have been attending for decades.
Board president Mark Zuberbuhler blamed "massively increased costs" for the 2022 event's failure to break even, despite years of anticipation after the 2020 and 2021 festivals were cancelled due to the COVID-19 pandemic.
Dissolving the society would have allowed organizers to pay off the festival's remaining bills.
In Thursday's update, the board revealed the event's financial situation has "long been untenable," which it blamed in part on the Vancouver Folk Music Festival's long-established opposition to corporate funding.
"As views began to change on this, it became apparent that we were far behind the curve in building relationships with potential corporate funders in comparison to other festivals," the board wrote.
"We know that these relationships take years to build before substantial funding can be secured."
Should the festival continue, organizers said they would ensure it is "sustainable and able to operate in the new reality that we face."
CTVNews.ca Top Stories
Advocate questions whether Air Canada has 'cultural problem' after issue with teen's wheelchair
Flying over the Grand Canyon was a highlight for the Gellisen family during their trip to Phoenix, but their flight home to Toronto was a much different experience, with several family members forced off of the flight over tensions related to a teen's wheelchair.

Military under fire as thousands of troops face lost cost-of-living allowance
The Canadian Armed Forces is under fire for its plan to cut thousands of troops off a cost-of-living allowance without much notice.
Essential oils and a secret code name: Things you didn't know about the coronation
King Charles III's coronation will be held on May 6 at London's Westminster Abbey. Here are some little-known facts about the ceremony:
Why lettuce prices are likely to rise again in Canada next month
Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather's effect on the food chain.
Teen dead after 'unprovoked' stabbing at Toronto subway station
Police have identified a teenager who died after being stabbed in an ‘unprovoked’ attack at a Toronto subway station Saturday night, and have charged an adult male suspect with his murder.
'Reconciliation through art': Campaign aims to get an Indigenous woman on Canada's $20 bill
A new campaign is aiming to get an Indigenous woman honoured on the next $20 bill in Canada for the first time.
In Macron's France, streets and fields seethe with protest
In France, a country that taught the world about people power with its revolution of 1789 -- and a country again seething with anger against its leaders -- graduating from bystander to demonstrator is a generations-old rite of passage.
Is the David porn? Come see, Italians tell Florida parents
The Florence museum housing Michelangelo's Renaissance masterpiece the 'David' invited parents and students from a Florida charter school to visit after complaints about a lesson featuring the statue forced the principal to resign.
Singh 'not satisfied' with confidence-and-supply agreement
NDP Leader Jagmeet Singh says he's 'not satisfied' with his party's confidence-and-supply agreement with the Liberals — signed a year ago this week — because it's shown him he could do a better job running the country than the current government.