LONDON (Billboard) - The future of the Love Parade, Britain's biggest free outdoor live music event, is in jeopardy as it has yet to be granted a Public Entertainment License. The U.K.'s BBC Radio
1 said Friday it has satisfied all safety requirements for the event, scheduled to take place July 21 in Newcastle upon Tyne, but Newcastle City Council has yet to fulfill traffic management conditions imposed by the city's police. Organizers estimate that the parade, which features a convoy of 25 floats, will attract crowds of more than 250,000, about half of whom are expected to travel to the city by car. Special park and ride sites were to be set up to cater for up to 30,000 vehicles. Fatboy Slim, Sonique
and Pete Tong were among the acts scheduled to perform. The cancellation of the event could prove detrimental to the region's economy. This year, Newcastle Council has estimated Love Parade
would bring up to 15 million pounds (U.S. $21 million) into the city.