The New Year's Eve celebration that has attracted thousands of revelers to Carytown won't be back for a fourth year.
The Carytown Merchants Association isn't planning the celebration because of the high costs of security and other expenses, said Thom Suddeth, president of the merchants group.
"It's a done deal," he said today. "We just can't financially handle that burden."
Last year, revelers were asked to donate $2 per person to help offset event costs, but the merchants association still lost about $24,000, Suddeth said. Those came on top of losses of $20,000 in 2007 and $10,000 in 2006.
"We don't have that much income," Suddeth said. "If we did it this year we would pretty much be bankrupt."
-- Will Jones
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