Broke L.A., a decade-old local music showcase originally created as an affordable alternative to Coachella, will go on hiatus this year, with organizers saying they want to "step back and re-calibrate."
In a statement on the event's Facebook page, organizers said it was unclear if the event will ever return.
"Broke L.A. has been a defining part of our team's creative lives over the last near-decade, and in caring for it so much, we realize it's time that we take a step back and re-calibrate," according to the organizers' statement. "In short: the festival landscape, events in Los Angeles and our lives have all changed so much since we started. Unless we can give our loyal and vibrant community the true Broke party we all know and love, with our mission and resources intact, we agree it just wouldn't be right.
"So Broke L.A. won't be back this year, and we're not sure what will happen in the future."
The event was founded in 2010 and was originally known as "Brokechella" -- sold as a music festival for those who may not have the big bucks to spend on the famed Coachella Valley Music and Arts Festival in Indio.
Organizers said about 500 people attended the first event, which was held in downtown Los Angeles on the same April weekend as Coachella, and it grew over the years into a "multi-stage, art-filled festival showcasing hundreds of artists and thousands of fans."
The festival was eventually renamed Broke L.A., and event was moved to a different weekend than Coachella.
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"Broke L.A. gave us our favorite bands and artists, and our best friends," organizers said. "For so many of us, it's a huge part of what we'll one day affectionately call 'our youth.' Thank you for being with us along the way as we built our Broke Dream, and here's to everyone out there making dope stuff."