New York City has been known to be a graveyard for failed music festivals, but the success of Governors Ball has caused promoter AEG Live to give the city another chance.

AEG is known for several successful US music festivals such as Coachella, Hangout Music Festival and Firefly Music Festival, but it previous NYC event, All Points West, lasted only two years before being axed.

However, New York Daily News reports that plans are underway for a new AEG-produced festival named Panorama, which would occur in June 2016 at the Flushing Meadows Corona Park in Queens, which was also the site of the 1964/1965 New York World’s Fair.

Festival organizers of Governors Ball are understandably upset over the idea of another New York City mega festival happening so close.

“The timing of this corporate-run festival would threaten our ability as a small business to continue putting on the kind of event that has showcased the best artists, created hundreds of local jobs and put millions of dollars back into the city’s economy,” Tom Russell, of Founders Entertainment said, which puts on Governors Ball, in a recent interview with the Daily News.

AEG has not officially commented on the Daily News’ report yet.