Each year seemingly brings a new wave of music festivals, and in 2016, New York City may become home to a brand-new event created by the same organizers behind Coachella and other major yearly productions.

AEG Live is eyeing a new festival tentatively named Panorama. It's set to take place at Flushing Meadows Corona Park in Queens -- the same location as the 1964 and 1965 World’s Fair -- sometime in June of 2016. The organizers are already reportedly lining up artists for its inaugural year, too.

While the massive Indio, Calif.-based Coachella is AEG’s biggest event, it also puts on Delaware’s Firefly Festival and Travis Barker’s Musink, plus a host of others. The promoter previously had its own NYC event, All Points West, but that fest shuttered after a two-year run in 2008 and 2009.

Some have taken issue with AEG’s proposed expansion -- specifically Founders Entertainment, the independent promoter behind New York City’s annual Governors Ball. Governors Ball takes place on the second week of June at Randall’s Island, and Founders’ leadership worries Panorama’s prospective timing would weaken its ability to draw acts and attendees.

“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,” Founders' Tom Russell told the New York Daily News.