Taste of Chicago and the other lakefront fests (Viva Chicago!, Chicago Country Music Festival, Celtic Fest Chicago, Chicago Gospel Music Festival, Blues Festival and Jazz Festival) have seen a sharp decline in revenue since 2008, and the city has not been able to cut costs fast enough to keep up. The result? Taste is running at barely break-even, and fests are costing more.
Here are the combined revenue and costs for Taste and the other lakefront fests in 2010, and the change since 2008.