The 2019 Grand Old Day has been canceled by the nonprofit that runs it, which is seeking to "keep the event fresh for 2020."
It'll be the first time the event has not gone ahead since it started 45 years ago, with the decision announced by the Grand Avenue Business Association on Facebook.
"It was a difficult and unanimous decision but one that the board of directors made to keep the event fresh for 2020," said interim president Allison Penner-Hurst.
The association says that it wants to produce a "successful, safe, and fun event next year," and will be looking for community input "to create an event that reflects the traditions and interests of the businesses and neighbors who call Grand Avenue home."
The news will be a blow to businesses on Grand Avenue that do a roaring trade during the festival, which includes a parade, live music and numerous stalls along the St. Paul thoroughfare.
One small business owner, Jeremy Swede Nilson of The Gaming Goat, replied to the association by saying last year's event was his second best sales day of 2018.
"As a small business I was counting on this event and already upping my inventory," he wrote, before adding: "Maybe we should cancel the state fair too."