I expect people to go. One reason is that most people like to eat. Also, it will be free. Only a select few deny free food. If you're one of those people, you either have a medical condition (such as allergies), or you are a picky eater. To the latter, you are going to miss a lot of great food. Anyway, UAlbany can also close off all the dining halls on campus so that everyone who doesn't have a secret twinkie stash will have to go.
Money will be divided so that every culture club or group who wants to participate will get at least $250 for cooking expenses. Any money left over will be used to purchase tables, chairs, balloons.
Side note: I hope there will be enough money for an inflatable bouncy balloon gym. Those things are awesome. It will also tire people out and make them eat more food.