It is unrealistic to expect there will be another Harbour Fest next year, a government source said last night. He was speaking after the government said it had no plans for, nor any commitment to sponsor, the festival beyond this year. This came after it was revealed yesterday that the festival organiser, the American Chamber of Commerce, had been given exclusive rights to the Harbour Fest name for five years. 'Can you imagine the Legislative Council voting for $60 million or $70 million to sponsor Harbour Fest next year?' the source asked. 'Can you imagine AmCham volunteering to do it again? It's absurd. 'I don't detect any enthusiasm within the government to spend one more dollar on this event. I am very doubtful there will be a repeat next year.' The source also said revenue arising from intellectual property rights, which AmCham holds for five years, will be put into this year's Harbour Fest account, thereby reducing the government subsidy, which is still expected to be about $100 million. The government said in its statement: 'There is neither any plan nor commitment at this stage for the ... government to sponsor such a large-scale festival as the Hong Kong Harbour Fest beyond 2003. The [Harbour Fest] is a one-off entertainment event.' AmCham spokeswoman Christine Cheung Yee-ling said last night it was up to the government to decide whether to sponsor the event in future. 'Every sponsor has the right to decide if they will sponsor in the future or not,' she said. 'So far, we have not heard there will be a Harbour Fest next year.'