Three months to the 50th anniversary of the legendary Woodstock festival, the organisers have said that they were "in discussions" of a new location after losing the previous venue and a second backer.
Following the earlier drama where tickets failed to go on sale in April due to a series of dodgy issues, co-founder, Michael Lang insisted that the festival will go on.
Earlier this week, Watkins Glen International has released a statement that their historic race track will no longer be hosting Woodstock 50 that is supposedly happening this 16th-18th August. "Watkins Glen International terminated the site license for Woodstock pursuant to provisions of the contract," they said in a statement. "As such, WGI will not be hosting the Woodstock 50 Festival."
A Schuyler County spokesperson tells Poughkeepsie Journal, "While today's announcement is difficult to absorb, it is not completely unexpected, given the well-publicised delays related to this planned event. We commend Watkins Glen International for their actions, which we feel are in the overall best interest of the community."
Woodstock 50's new backer is Oppenheimer & Co. but it remains unclear that if they're willing to foot the bill for this multi-million dollar festival that had a series of unfortunate events all year. According to previous court documents, Lang requires to raise at least $30 million dollars just to fund the event.