Money Matters - Simplified


Money woes force cancellation of parade

Orlando, Fla. -- The 2010 Orlando Christmas Parade has been canceled because of money problems, organizers in Florida said.

Organizers said it will be replaced by a smaller event called the Santa Farewell Festival, the Orlando (Fla.) Sentinel reported.

"With better economic times ahead, the parade will hopefully return in 2011," parade producer Teri Boardman said. "Thank you to all past participants and parade supporters."

Boardman said dwindling sponsorship forced her to cancel the 2010 edition of the parade, which is not funded by the city.

"It all comes down to sponsors equal money to pay city [fees]," Boardman said.

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This Stock Has the Edge

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