Leeds Party in the Park cancelled due to lack of funds
Leeds music festival Party in the Park will not take place this year because of "budget pressures" on organisers.
The pop event, organised by Leeds City Council and commercial radio station 96.3 Radio Aire, has been held since 1994 at Temple Newsam.
The council said it was "no longer feasible in its current format" without increasing ticket prices.
A decision has yet to be made on two other council funded concerts, Opera in the Park and Classical Fantasia.
Party in the Park was held each July and has attracted up to 70,000 people with acts such as JLS, One Direction and Dizzee Rascal.
Up until last year it was the UK's biggest annual free outdoor pop event but the council said ticket prices were brought in due to "significant budget challenges".
Council leader Keith Wakefield said the festival was a "very big and iconic event for the city" and the decision to cancel it this year would be disappointing for many.
A Radio Aire spokesperson said: "We realise this will be unfortunate news for the thousands of Leeds residents that have enjoyed the event over the years.
"However, we will be working hard to look at alternative options to bring engaging live events and music artists to the city."