Is it a good or bad economic indicator when countercyclical activities dry up? The Lexington Avenue Arts & Fun Festival (LAAFF) will not run this year. Funding fell short of goals. Last year’s festival ran a deficit, with beer sales in particular lagging. Earlier, the City of Asheville decided to get out of the festival business, relinquishing its role in Bele Chere. The Southeast’s largest street festival will run this weekend, and then nobody knows what will happen. City spokesperson Dawa Hitch said the city has received no offers from private promoters interested in taking over.