Thunder Bay’s newest music festival has been called off before it began.

Bayfest’s organizers announced on Wednesday that the event will not be taking place.

“Despite our team’s tireless efforts and deep commitment to bringing another unforgettable festival experience to our community, a combination of logistical complications, significantly increased production costs, and the rising cost of the U.S. dollar have made it financially unfeasible to move forward,” said the Bayfest team in a release. “Additionally, ticket sales have not reached the levels necessary to support the scale and quality of the event we strive to deliver.”

All tickets purchased through Bayfest’s official ticket provider, Front Gate Tickets, will automatically be refunded.

You can expect to receive your refund in roughly 30 days.

The organization hopes to return in the future.

“We understand how much Bayfest would have meant to our fans, artists, vendors, and the broader Thunder Bay community. We share your disappointment and are incredibly grateful for your support and enthusiasm since the announcement.”

The event was scheduled to take place from July 18 through July 20.