The festival was supposed to feature artists like Jay-Z, John Fogerty and Miley Cyrus, but instead it was plagued by lawsuits, mismanagement and missed deadlines.
Oneida County Executive Anthony Picente, Jr. said he was pleased with the decision, citing "inadequate planning and a dangerously truncated timeframe."
After plans to hold Woodstock 50 in Watkins Glen this summer fell through, a smaller festival could be held at a central New York harness track and casino.