If this happens, it could be a very, very bad thing for Governor's Ball in 2016. Reportedly, Coachella producers have been talking to the city of Queens about putting on a music festival in Flushing Meadows Corona Park next June according to the New York Daily News. The company behind Coachella is AEG Live, which produces numerous events around the United States and specializes in large-scale productions. They're looking to hold the event under the famous Unisphere sculpture in the park.
The festival is likely to be named Panorama and would be the largest event in Queens since the 1964 World's Fair. Reportedly AEG has already begun to gather acts and even has a tentative date for the festival, which would be exactly two weeks after Governor's Ball.
"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," Tom Russell of Founders Entertainment, the company behind Governor's Ball, said to the NY Daily News.
If Panorama comes to be it certainly wouldn't be AEG Live's first -or last- entrance into the lucrative world of East Coast music festivals. They were also closely involved with All Points West, which was thrown in Liberty State Park in Jersey City in 2008 and 2009 but that festival has since expired.