Following a series of setbacks, Texas music festival and river-tubing event Float Fest won't happen this year after all.

In January, Guadalupe County officials denied Float Fest a permit to expand at the New Braunfels site where it began. Festival organizers then decided to move the summer event to a private ranch in Gonzales. The new site, organizers said, was three times larger than the old space and would give the event room to grow.

But on Friday, Float Fest organizers decided to cancel this year's event, which was scheduled to take place July 20-21 with electronic act Major Lazer, indie-rock band Portugal the Man and rapper Gucci Mane leading the lineup. The fest cited "several recent roadblocks outside of our control" and "an effort to do right by our fans" as reasons for the cancellation on social media and in a news release sent to media outlets.

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"We have been working around the clock to prepare the new festival site in Gonzales, but at this time we don’t feel the grounds are ready to fully showcase everything Float Fest is about," organizers said in the statement. "With weather, Gonzales saw an extraordinary amount of rain in May and June. Although the site cleared, the rain created delays of construction."

According to the festival organizers, all ticket-holders will be refunded for 100% of ticket expenses. The festival's ticketing outlet, Eventbrite, will process the refunds. 

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Float Fest organizers said in the news release that they will continue to build out the Gonzales site, where they plan to bring the event back in 2020.

Read the full statement from Float Fest organizers below:

We are extremely saddened to announce today that Float Fest 2019 is being cancelled. This was a difficult decision to make, but due to several recent roadblocks outside of our control and in an effort to do right by our fans, the decision to cancel the event was the best option.

We have been working around the clock to prepare the new festival site in Gonzales, but at this time we don’t feel the grounds are ready to fully showcase everything Float Fest is about. With weather, Gonzales saw an extraordinary amount of rain in May and June. Although the site cleared, the rain created delays of construction. We want to provide a first class experience to our fans, therefore we will be finishing out the site so that it is ready for the festival in 2020.

All ticket holders will be 100% refunded for the cost of their tickets. That refund process will be initiated through our ticketing partner, Eventbrite, for all attendees who purchased ticket(s) through their site. There is no action necessary on your end and you can expect to see the refund on your credit/debit card statement within the next 5-7 business days.

If you have questions about this entire process, please contact us at info@floatfest.net. We are dedicated to answering any questions and concerns that you might have.

We truly love our fans. We appreciate you sticking by us while we work hard to make this right.