PHILADELPHIA (WPVI) -- Organizers of the popular Midtown Village Fall Festival announced the event will not return this year, citing financial challenges and a need to restructure.

The annual festival, which draws thousands to Center City, is taking a hiatus in 2025. Organizers say the decision stems from declining corporate sponsorships and increasing city-related costs, including public safety.

"The city had become much more expensive, especially the police bill," said Fergus Carey, president of the Midtown Village Merchants Association. "We still owe money from last year. We thought, well, we shouldn't really throw a big party if we haven't paid for last year's party yet."

The Midtown Village Festival is not alone. In July, organizers of the Northern Liberties Night Market made a si

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