Another sign of the tough financial times:
Foundation cancels 2010 poetry festivalJanuary 16, 2009
MORRISTOWN, N.J. - These are times when there aren't enough dimes for those who rhyme.
The Geraldine R. Dodge Foundation has told poetry fans that it's canceling its 2010 poetry festival, which had been held every other year in New Jersey -- usually at Waterloo Village in Byram Township. It was the biggest festival of its kind in North America.
The foundation says it has lost 30 percent of its assets in the past year due to declining markets.
What's more, David Grant, the president of the Morristown-based foundation, says the festival might be more modest when it returns.
The festival has attracted more than 10,000 people a year and costs about $1.3 million a year to put on.
Information from: The Star-Ledger, http://www.nj.com/starledger