Extraordinary reason Coastal Jam Festival was cancelled at the last minute

A major music festival has been cancelled just days before it was meant to start with the organiser blaming the cost-of-living crisis. Major music festival Coastal jam has been cancelled just days before it was meant to start with the organiser blaming the cost-of-living crisis ' only have enough money for a few things now, naturally leading to the major festivals, massive international tours being the priority which I fully understand.' Coastal Jam organiser Adam Metwally he did everything that he could to reduce ticket prices so that partygoers could attend the event The festival which began in 2017 hosts live bands and electronic music featuring local and international artists The event has been held in several picturesque towns and regions across Victoria including Geelong, Warnambool, and Torquay. Up to 5000 party goers were expected to attend the festival which was to be held on Saturday at the Mornington Peninsula in Victoria Ticket holders will be able to claim a full refund or apply for a ticket credit for an alternative event 'You’ll be back in no time can’t wait to party with you again next year,' one user wrote. The decision to cancel Coastal Jam comes after Sydney's first ever Summerground music festival was axed just weeks out from the event being held in the new year.