Mayor Kenney's office says 2018 is the final year the Labor Day weekend Made in America music festival will be held at its current location on the Benjamin Franklin Parkway.
Philadelphia is one of many U.S. cities that holds a major music festival, but each location conducts its event differently. Here's a breakdown of how Philly and some other major cities run these crowd-drawing fests.
City population: About 1.5 million
Major festival: Made in America
In the Parkway area, neighbors have been frustrated by the music and accompanying disorder for years.
Made in America economics: Since its establishment in 2012, MIA has had a $102.8 million impact on the city and the festival has paid the city $3.4 million in rent, according to an opinion piece Jay-Z wrote for the Inquirer and Daily News. In addition, the festival has donated $2.9 million to the United Way of Philadelphia and Southern New Jersey, he wrote.
City population: About 2.7 million
Major festival: Lollapalooza
By the numbers: Lollapalooza is held over four days. In 2016, it hosted about 170 acts total and 100,000 attendees per day.
Festival location: Lollapalooza is held in Chicago's 319-acre Grant Park, which the Chicago Park District website compares to New York City's Central Park. The park is located in the Loop, a central neighborhood in Chicago.
Grant Park is home to Chicago's Museum Campus and a variety of recreational areas. It is also the location of the start and finish lines of the Chicago Marathon, the Taste of Chicago food festival, and the Grant Park Music Festival, among other events.
Despite the park location, Lollapalooza and the accompanying road closures cause headaches for residents and commuters, the Chicago Sun-Times reported.
Lollapalooza economics: Lollapalooza, reported the Chicago Tribune, brings about $6 million in revenue annually for the Chicago Park District. Including direct and indirect spending, the total economic impact of the festival is about $245 million.
Population: About 8.6 million
The park has a wide selection of sports facilities, nature areas, and the events venue, according to the New York City parks website. Randall's Island also hosts the Panorama Music festival and activities such as free yoga and movie nights.
Governors Ball and Electric Zoo economics: According to its own report, Governors Ball had a $62.4 million impact on New York City's economy and brought in about $3.8 million in state and local tax revenue in 2017. The most recent figures for Electric Zoo weren't immediately available.
>> READ MORE: Tell us: Where should Made in America go?
City population: About 463,000
Major festival: Ultra Music Festival
Festival location: Ultra is held at downtown Miami's Bayfront Park. The park, which borders Biscayne Bay, boasts 32 acres of greenery, plus a waterfall. Bayfront also has an amphitheater, a laser light tower, a playground, and multiple monuments.
This location has been controversial for local residents, the Miami Herald reported — Bayfront Park is in the center of a residential area.
Although Miami Mayor Francis Suarez told the Herald that the festival had become part of Miami's "DNA," residents told the newspaper that many choose to leave the area for the weekend to avoid chaos and closed roads.
Ultra Music Festival economics: In 2018, according to finance website SmartAsset, Ultra Music Festival generated $79 million for the Miami economy, along with $10 million in tax revenue.