Good Morning BIA Folks,

As I'm sure most of you heard yesterday, via the media, that the Greektown BIA members voted at their AGM on Tuesday night not to allocate funds to Taste 2024. This morning Greektown sent me the statement that I've included at the end of this email for all of you.

We will see how this all unfolds and when or if there are any updates I will share them with you.

Here is the statement from Greektown:

The membership of the GreekTown on the Danforth Business Improvement Area held its Annual General Meeting on November 28, 2023 approving the 2024 Operating Budget with a 2% increase to its levy. The approved 2024 Budget includes the re-design of Alexander the Great Parkette as well as a new strategic planning process that will outline the priorities, actions, and ambitions of our members. In light of the $257,000 loss in 2023, further discussion will take place to better understand if we can host Taste of the Danforth in 2024. The BIA would need to fundraise and secure new title sponsorship in order to continue in 2024 as the levy no longer covers the festival, and many of our small business members cannot shoulder a significant levy increase.

Thanks,
Susan