Grand Old Day in St. Paul has been canceled for this year, its organizers announced Tuesday.
The annual celebration has been going for 45 years and regularly draws a quarter million people to Grand Avenue over the first weekend in June.
Allison Penner-Hurst, interim president of the festival's organizer, the Grand Avenue Business Association, said in a statement posted on Facebook that it was a difficult decision.
"The costs this year to produce an event of this magnitude were just not at the pace that matched the dollars that were coming in," said Penner-Hurst.
Grand Old Day is the second summer tradition in St. Paul to falter in recent years. The city canceled its annual fireworks display for the Fourth of July in 2018 — also citing costs.
Penner-Hurst said they hope to bring the festival back in 2020.
"We are just trying to take a step back this year for Grand Old Day. We want to kind of give it a fresh new look and decide kind of what the vision is going forward," she said.