Following reports in the Caymanian Compass that questioned whether the Cayman Islands Jazz Fest would occur in 2010, the government decided Monday to cancel the event. The below is the full text of a statement released Monday afternoon by West Bay MLA Cline Glidden, Jr. on the issue:
“Given the current austere fiscal conditions the Government has inherited, we were forced to cut CI$4 million from the DOT Budget and take corrective measures such as restructuring the US workforce, which saw the laying off of some 12 staff. We were not able to allocate the CI$1.4 million previously allocated and spent on the 2009 Jazz Fest. We did however reallocate $250,000 from other areas, and from as early as May this year we were actively inviting private sector participation to produce the event. While there was some interest, unfortunately, less than a 1/3 of the required funds were committed. At this stage a decision has been made.
“The Government has consulted extensively with the private sector, through the Tourism Advisory Council, including the Cayman Music & Entertainers Association and we are unanimously agreed that under the current economic conditions it was best to proceed without a Jazz Fest 2010 and instead focus on reviewing the Jazz Fest event concept, and agreeing with private sector how to best leverage a musical event to meet the needs of the tourism industry in 2011 and beyond. We would like to express our sincere appreciation to the venue host, Camana Bay and the National Airline, Cayman Airways for their continued support for the jazzfest.
“We expect to make an announcement in early November about the plans for a musical event in 2011.”
Please check Wednesday’s editions of the Caymanian Compass for a full report…