CALGARY — A staple Calgary summer festival is temporarily closing the ticket-sale tent flap as it struggles to survive, becoming yet one more party-planner walking a fraying financial tight rope in the era of shrinking affordability.

GlobalFest has been celebrating multiculturalism through fireworks, pavilions, food kiosks and shows for almost a quarter century.

Last year, it was 11,000 tickets short compared with a year earlier, about a quarter-million-dollar gut punch to the organization’s bottom line, said Ken Goosen, CEO of GlobalFest.

This week, Goosen announced they are putting a six-week pause on ticket sales as they try to shore up their financial situation.

In an interview, Goosen said the cost of living weighed on festivalgoers and he believes weather played a role leading up

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