Grand Old Day, St. Paul's long-running unofficial start to summer, has been put on hold for a year.
It fell victim to a number of empty storefronts along Grand Avenue, along with rising expenses, including taxes, organizers said Tuesday.
"We want to take a fresh look at the event, to restructure and revamp for 2020," said Allison Penner-Hurst, interim president of the Grand Avenue Business Association. "We will be coming back in 2020."
Penner-Hurst said the costs for staging Grand Old Day were outstripping the money coming in, prompting a unanimous decision by the GABA board to take a one-year timeout.
"We just had to take a step back and be realistic about where we were," she said.
The festival has been a mainstay on the first Sunday of June for the past 45 years, with hundreds of thousands of people strolling up and down the avenue. Officials tried having a two-day festival a couple of years ago, but returned to a single day last year.
Canceling this year's event was disappointing to some who operate businesses on the avenue.
"But I guess I understand that there are challenges in trying to organize such a large event," said Joan Trygg, store manager at the Red Balloon Bookshop. "We're hoping whoever needs to will step up so we can do it again."