Conlon said it was too expensive to hold the three-day event at its current location – a tract near the Boisfeuillet Jones Atlanta Civic Center, where the festival was moved from Piedmont Park.

Other sites in and outside Atlanta are under consideration, Conlon said, adding the new site will need to have adequate green space, size and public transportation accessibility.

The first festival was held in 1994 and attracted as many as 300,000 people over a spring weekend with national acts like Bob Dylan and Ashlee Simpson.

“We’re crying guitar-sized tears,” said Greg Pridgeon, Atlanta Mayor Shirley Franklin’s chief of staff. “It’s become an institution in Atlanta. There’s a hole left by its absence. But we respect and understand the business decision that led to the cancellation. We’re not opposed to working with the festival in the future.”