The future of the Taste of Tasmania festival is hanging in the balance after the Hobart City Council voted to end ownership of the event.
This year’s event will not go ahead with the council now looking to develop a transition plan to another backer by the end of the year.
“If the festival was to go ahead this year, it would not be able to meet the high expectations of our community, sponsors, visitors and stakeholders and that could damage the long-term sustainability of the event,” said Lord Mayor Anna Reynolds.
“This forced hiatus has given us an opportunity to stop, take stock of what has been successfully built over many years, and take the necessary steps towards a more sustainable future for the festival.”
Launching in 1988, the event now brings in around $47 million worth of economic and social activity to Tasmania each year.
In 2019, the festival saw its funding cut over the next three years, decreasing from $1.1 million in 2019-20, to $1 million in 2020-21, and $900,000 in the final year.
Reynolds said the festival has now “outgrown the City’s resources”.