Peats Ridge kicks the bucket

  Following a spate of festival collapses in the past two years, beloved Sustainable Arts Festival, Peats Ridge has followed suite. Following a killer 2012 event, mere weeks after, debt has forced the festival's organisers to call it quits. 

 The festival's creative director, Matt Grant has revealed that prospects are grim - fatal, even, for the future of the festival. He was quoted as saying, 

“In the wake of what was an incredible 2012 Peats Ridge Festival, it is with great regret that I have to announce that the income from ticket sales and other sources fell below that required to meet the costs of the event. As a result, the festival’s accountants have advised that the entity that runs the Festival be wound up.”

“I would like to thank everybody involved in creating the 2012 Festival and for making such an extraordinary and memorable event possible.”

 Whilst the festival's impending doom is not confirmed, things look grim for the New Year's Eve festival.