Simon Vozick-Levinson
February 03, 2009 AT 11:35 PM EST

The seventh annual Langerado Music Festival was cancelled today due to low ticket sales. “Unfortunately, during these difficult economic times, and facing a first year in a new venue, it’s become apparent that we cannot execute a production that lives up to the high standards of our past events,” said co-promoter Ethan Schwartz in a press release. The festival, which was scheduled to take place March 6-8 in Miami, had booked performers including Modest Mouse, Death Cab for Cutie, Snoop Dogg, Gym Class Heroes, Dashboard Confessional, and Ryan Adams and the Cardinals. Promoters said all tickets would be refunded.

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