The official statement:
The Downtown Art Walk, a downtown Los Angeles institution since 2004, has grown to become the largest regularly occurring event in the center city. In its 6 years of operation it has achieved every one of its slated objectives; re-energizing Downtown Los Angeles, establishing a downtown art gallery district, and acting as a significant economic development tool for a multitude of other neighborhood serving businesses.In recent years the Downtown Art Walk has grown so large that it has become too costly to manage in its current form. Effective immediately the Downtown Art Walk will go on hiatus, ceasing all event operations until January 2011, at which time it will be reborn as a quarterly, weekend, daytime, gallery-focused event which will appeal to both patrons of the arts as well as the general public.
Doesn’t sound good to me.