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Organizers Say Sunset Junction Festival Has Been Canceled

LOS ANGELES (CBS) — Organizers of the Sunset Junction street festival say this weekend's planned event has officially been canceled.

"Seriously, we tried our best on raising the huge amount of money- thanks for all the support. Unfortunately we didn't meet the expectations," Sunsetjnctnfair tweeted Wednesday afternoon.

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KNX 1070's Pete Demetriou reports.

They had earlier claimed a donor stepped forward to pay the $142,000 needed to cover expected city services for the event.

The Los Angeles Board of Public Works rejected a special permit application for the event earlier this week.

The 3-1 vote was primarily fueled by an outstanding balance of $256,484 the city claims the organizers owe for services rendered for the 2010 festival, along with a failure to submit an upfront payment of $141,978 upfront for expected services for this week's events.

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