Sure glad they communicated that to everyone in a professional manner before pulling the plug. Oh, and if I read your article right, it's not that he's found $30/mo. hosting, it's that he wants it. I dunno, seems unlikely that you could get web hosting for less than you could get, say, a reasonable residential Internet connection.
I've never messed with the stuff, so I don't know. But he's asking for donations, so it sounds like the OP's speculation that they've run out of money is probably approaching accurate.