The Made In America concert will stay in Philadelphia for years to come after a meeting between Roc Nation and the city's mayor.
This comes a week after Philly booted the annual festival from the Benjamin Franklin Parkway location it's occupied since 2012 and didn't even bother to tell Roc Nation that they had come to that decision.
JAY-Z protested the eviction with an open letter, and now it looks their issues have been resolved.
"I am greatly appreciative of everything that Made in America has done for the City of Philadelphia and I remain committed to its continued success," said Philadelphia Mayor Jim Kenney in a statement. "The Made in America festival belongs in Philadelphia -- the birthplace of our country -- and I'm optimistic that we can turn an unfortunate misunderstanding into a positive outcome and even stronger event. I look forward to working with Roc Nation and Live Nation, and maintaining this Philadelphia tradition for years to come."
Here's what Roc Nation had to say about the meeting:
"We are happy to announce the Made in America festival will continue at the heart of the Philadelphia, the Benjamin Franklin Parkway for many years to come. After a candid and constructive discussion with the Mayor, we are confident any miscommunication is corrected, and we are proactively addressing any concerns. We are committed to bringing the best experience possible to Philadelphians and all music lovers as well as the continuing prosperity of the city."
The website Billy Penn had reported that the city no longer wanted to host MIA because it had stopped adding enough extra tourism to justify its costs; Philadelphia spent $1.1 million in services, including police overtime, EMS coverage, cleanup and general Parks & Rec support, during the festival last year.
While no financial terms have been disclosed, it's possible Roc upped the $600,000 in rent it pays Philly to host the event.