Well, that sucks. According to MTV, the annual event scheduled for Sunday is cancelled due to failure to obtain permits. From the beginning, the event was marred with controversy after it was reported that 50 wanted to perform at the festival. Eventually, Mayor Bloomberg and Fif agreed on scraping the concert. Recently, Q-Tip griped about the criticism the rapper recieved. Perhaps Bloomy will respond on Twitter as to why the city failed to grant a permit. Fuckers.