Beloit Riverfest gets scaled back for 2010
Board president, Dwayne Drevdahl, says bad weather for two years, and the down economy this year, left Riverfest with a lot of red ink.
The board discussed several options, including filing for bankruptcy, but they decided to pay off the debt and continue the tradition on a much smaller scale. Drevdahl says it will be a three day event in 2010, and will be held in conjunction with Beloit's 4th of July weekend. He says there will be no "national" acts next year and all bands will be local, or regional.
There will also be a number of events scheduled to collect money to pay off debt. They'll include raffles, a golf outing, and some sort of music event in which at least 17 bands will play for free to collect money for Riverfest.
Drevdahl says the board will consider other options to pay off debt, and have already worked for one vendor. He says they worked for North Park Rental "tearing down" after Rockford's "On the Waterfront" music fest.
The bottom line, says Drevdahl, is they'll do just about anything to continue the fest.