The City Department of Special Events will run Taste this year, taking over from the Park District.
The festival lost $7 million in the last three years and attendance has dropped.
This year it will be smaller and shorter, down from seven days to five, and some restaurant owners are trying to decide whether they want to be part of the taste this year.
"I don't know if it's kind of shaky this year, with the different changes because with it being new you gotta sit back and really make sure this thing will really work for you," said Richard Bailey, owner of Banana Leaf Restaurant.
City planners haven't revealed how many food vendors will be part of the taste this year.