Update, and bumped:
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Some good information and excellent source material in an article by Ally Schweitzer of the Washington City Paper in the ZepFest cancellation:
http://www.washingtoncitypaper.com/blogs/artsdesk/music/2011/05/16/the-disintegration-of-zep-fest/
Meanwhile, Paul Hammond from Get the Led Out reports that they too have not been officially notified of the cancellation. Possibly more disturbing, neither has MissionTix, who are telling customers it may take up wait 48 hours before requesting refunds.
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ZepFest 2011, only two weekends away and set to be staged in Washington DC, has been cancelled:
Rumours began circulating about ten days ago, when Led Zepagain publicly announced they would be dropping out due a lack of upfront money as contractually committed by ZepFest. That came on the heels of Richard Cole dropping out. The response from ZepFest when I enquired about Richard Cole was "couldn't work out travel."
Today, Dread Zeppelin dropped out, and looking into it, I heard word that less known acts, Fosterchild and Craving Strange had either dropped out or been dropped. It was becoming clear ZepFest was in trouble. Enquiries to the organizer resulted in an email sent at 5:57 this evening:
EVENT IS CANCELLED
refunds at place of purchase
[someone will be in touch with you]
One act is now publicly wondering whether a fraud was committed, and certainty the acts involved will lose revenue from not playing that weekend. As well, people who booked a flight will also be out their money.
Ramble On will keep this story up to date as new information becomes available.