Sponsorship Woes

The annual Arts, Beats & Eats festival in Pontiac, Mich., is looking for a new sponsor thanks to the ongoing down economy.

Chrysler, a festival sponsor since 1997, filed for Chapter 11 bankruptcy April 30, which means the Labor Day weekend event is losing $350,000 of its $1 million budget.

Festival producer Jon Witz told the Detroit Free Press the normally free event will still go on as planned, but there is talk of possibly charging admission.