0 TASTE OF CHICAGO CLOSED DOWN FOR THE DAY DUE TO BAD WEATHER - Major financial losses anticipated

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A storm system that moved through northeast Illinois early Saturday morning dropped heavy rain, closing down Taste of Chicago for the day and flooding communities in the area's south and southwest suburbs.

Because of the heavy rain, the city closed Taste of Chicago Saturday because of "excessive rainfall and flooding on the festival grounds." Earlier the start of the event had been postponed from 10 a.m. to noon because of the weather. According to release from the city's office of Emergency Management and Communications, the city will continue to assess the situation before deciding what to do about Sunday's scheduled 10 a.m. opening.

According to the event's Facebook page, the closure affects both the food section of the event and the planned 4 p.m. concert featuring Jeff Tweedy and Lucinda Williams. Concert tickets and the Chef du Jour special event tickets that were purchased online will be refunded automatically.

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