WATKINS GLEN, N.Y. (WETM) - Watkins Glen International has terminated their contract with Woodstock 50, according to a statement released Monday afternoon.
Watkins Glen International terminated the site license for Woodstock pursuant to provisions of the contract. As such, WGI will not be hosting the Woodstock 50 Festival.
WGI is one of several organizations that has pulled their support for the festival, joining former financier Dentsu Aegis and the production company Superfly.
New York State Department of Health Officials tell 18 News that the required permits were still on hold. Woodstock 50 organizers could not have comment at this time.
Dentsu Aegis announced the festival's cancelation in late April after tickets were not sold on their scheduled release date of Earth Day.
A judge later ruled that the former financier could not cancel the festival, but that they could keep approximately $18 million in disputed funds.
Co-founder Michael Lang has insisted that the festival will go on as planned from August 16-18.
18 News will have more on this breaking story as information becomes available.