A statement said, "funding uncertainties, the timing of notification of ever-decreasing government funding, and unexpected demands from some of our creditors have caused us to make this very difficult decision."
Calgary Music Association president John Hyde told the Calgary Sun, "It's a sad day for everybody involved. I know everything that could have been done was done to keep this festival alive."
Festival founder and producer Marc Vasey told the paper, "This is a sad day for the arts community, but we still have the C-Jazz festival which keeps progressing and I hope to see even more this year." He had told the Sun before the 2005 festival that the event was profitable in both 2003 and 2004, and was "doing well."