After more than 25 years since its inception, plans for this this years Street Scene music festival have been dropped.
Organizers for the event have announced that the Summer festival will not take place this August.
Low ticket sales from last year festival led to huge financial losses for the annual event putting plans on hold for this years bash.
Festival organizers have been forced to liquidate assets in order to pay more than $2.8 million due to creditors, performers and former employees.
Festival founder, Rob Hagey, has said that although this years event has been canceled the future of the festival is still “bright”.
“I believe Street Scene will have a resurgence. I believe the future will be bright forStreet Scene,” said Hagey.
Last year’s festival included performances by M.I.A., Cake, and The Dead Weather.
