There will be no Mile High Music Festival in 2011.
Organizers of the event made the announcement on Facebook Tuesday morning.
"It was not an easy decision to put the festival on hold," said Chuck Morris, president and chief executive officer of AEG Live Rocky Mountain Region. "We are really proud of the event, and were not ruling out the possibility of bringing it back in the future."
In a news release, officials said part of the reason they are canceling the event for 2011 is because of the current economic climate.
Over its three years, the festival has featured the Dave Matthews Band, Tom Petty, Jack Johnson, Train, the Steve Miller Band, Cypress Hill and dozens of other bands on five stages at Dick's Sporting Goods Park in Commerce City.
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