Birmingham, AL – The company that organizes Birmingham's annual summer music festival City Stages has filed for bankruptcy.
The filing follows an announcement by organizers that this year's event would be the last. The festival held on Birmingham's blocked-off downtown streets each year has been plagued by low attendance, bad weather and competition from other regional music festivals held in June.
City Stages filed in U.S. Bankruptcy Court in Birmingham late Friday, listing debts of more than $1 million and assets of less than $500,000.
Musical acts that are owed money include the Indigo Girls, who are supposed to get $22,500, and the Neville Brothers, who are owed $40,500. Tent, stage rigging, catering and supply companies are owed thousands more.
(Copyright 2009 by The Associated Press. All Rights Reserved.)