The makers of Coachella are considering New York City For a 2016 Festival

Potentially the biggest event in Queens since the 1964 World's Fair

Led by Coachella producers, the festival tentatively named Panorama, might be headed to Queens soon.

AEG Live, the highly successful entertainment company behind Coachella, Hangout Music Festival, and Firefly Music Festival, have started to considered the location for a new Festival called Panorama, after seeing the results from the Governor’s Ball – a nearby festival that happens on Randalls Island.

According to Consequence of Sound, the founder of Governors Ball had this to say on the subject: “After the success of [Governors Ball’s] second year, other people in our business began to realize that maybe an NYC music festival could succeed after all. The vultures began to circle, and we heard rumors of other people thinking about throwing a big festival.”

That prophecy just may be coming true. Ny Daily News reports that Panorama very well may be one of the biggest events in Queens since the 1964 World’s Fair.

The issue? Allegedly, Panorama is scheduled to happen in the same locations as the 1964 World’s Fair – at Flushing Meadows Corona Park, in Queens. The date is set in late June, which is just two weeks after the Governors Ball. As Panorama has even started to recruit headliners, it could potentially take talent from the first established Governors Ball.

As Tom Russell, of Founders Entertainment (of Governors Ball) explains “The timing of this corporate-run festival would threaten our ability as a small business to continue putting on the kind of event that has showcased the best artists, created hundreds of local jobs and put millions of dollars back into the city’s economy.”

(Photo by gigi_nyc via Flickr)

What would you do, support the little guy or go for the big money festival? Let us know in the comments below.