Post Malone performs at the Downtown Stage during the 2019 Life is Beautiful Music & Art Festival on Sept. 22, 2019 in Las Vegas, Nevada.

Las Vegas' Life is Beautiful festival has announced that the three-day event will not happen this year due to the coronavirus. However, Life Is Beautiful organizers will use their resources towards supporting the Vegas community.

“We were more excited than ever to share the vision of this year’s festival with you," the festival wrote in an open letter to fans. "Instead, this moment has given us the opportunity to pause and assess what is truly important. It has given us the space to reflect and to grow, to refocus on our work, and to find new ways to give back to our community beyond the three days of the festival.”

"Our hearts are heavy, but our resilience is unstoppable," the statement continues.

Life is Beautiful is working to create new initiatives that will impact supporters on a local, national and global scale, in addition to making a full return with the festival in 2021.

“It’s clear the health and economic hardships from the COVID-19 crisis will impact us all for some time to come,” festival organizer Justin Weniger said in a statement. “In light of this, we made the determination to re-examine the role Life is Beautiful plays in the community and how we can put our resources, creativity and time into doing what we always set out to do: inspire and bring together a community.”