VANCOUVER (NEWS 1130) – What was billed as one of the biggest events of the summer in BC has now been cancelled and people who bought tickets to July’s Pemberton Music Festival are scrambling to find out if they’ll get their money back.
The organizers have filed for bankruptcy protection and the accounting firm Ernst and Young has been named Trustee.
All creditors are expected to be notified within five days, but no automatic refunds are being offered.
Lewis Neilson with Production Power Corporation says he’s still waiting to get paid for providing electrical services last year.
“When you do these festivals, you’re in the middle of nowhere, literally a farmer’s field, and you have to bring everything, so the medical, your power, your toilets, your water — everything has to be brought in so it’s very, very expensive.”
Neilson is owed $55,000 but he knows other companies that are owed hundreds of thousands of dollars.
“I’ve done this for 35 years. No other shows were quite like this as far as how they would spend on things. We couldn’t understand how they could do this and now we see that they can’t.”
The company says it has lost money for the last three years and has been impacted by the low Canadian dollar.
Some tickets bought using a credit card could still be refunded – it all depends on what kind of insurance policies are offered by banks issuing the cards used to buy them.
— Amanda Wawryk (@AmandaWawryk) May 18, 2017