City of Gadsden officials have decided to postpone a decision concerning the future of a music festival held in the city. City leaders say that they have decided against granting the rights to the Riverfest name to a non-profit group that wanted to continue the 24-year-old festival. The city obtained the rights to the Riverfest name back in September after The Chamber of Gadsden and Etowah County decided that producing the long-running festival was no longer feasible for the organization and that operating a music festival was not a part of the The Chamber’s mission. A non-profit group called The Riverfest Community and Economic Development Corporation had asked the city council for the rights to the Riverfest name for one year so that *they* could run the festival in 2015. Mayor Sherman Guyton says that the city council decided against granting the rights, saying that they wanted more time to consider the future of the event. Tuesday’s decision effectively kills any chance of Riverfest happening this year, but council members say they hope someone will come along that can revive the festival in 2016. Leaders say that – other than the Riverfest Community and Economic Development Corporation – no one had come forward expressing an interest in producing the event.