Cameron says that more time is needed to procure funding for the project, which is set to cost $3 million and include 62 artists. Those numbers were decreases from the exhibition’s first edition, which included 81 artists at a cost of $4.5 million, making it the largest contemporary art exhibition in the history of the United States. Organizers say that an estimated 42,000 visited the first edition, generating $23 million in economic activity for the beleaguered city.
The first edition of the fair is said to have gone over budget, with debts totaling $25,000 as of April. 2009. “We’re not able to realize our fund-raising goals in the timetable set,” Cameron told the Times Picayune, and stated, “2009 was a really bad year for fund-raising and 2010 didn’t look much better.”
Read more at the Times Picayune.