The holiday season is getting off to a rocky start. The Houston Festival Foundation will stop producing the annual Thanksgiving Day Parade. The Houston Festival Foundation -- which has been producing the parade since the mid 90's -- will focus instead on the annual I-fest
The organization cites rising production costs as the primary reason for the decision. The Thanksgiving Day parade drew as many as 400-thousand spectators last year... and two-million watched from home.
Mayor Annise Parker issued a statement saying, "Discussions are already underway by various parties to see whether the parade can be saved.” The parade has been an annual tradition in Houston since 1949.