Woodstock 50, the anniversary event set to take place this August in honor of the original 1969 festival, is reportedly facing financial issues.

Michael Lang, creator of the original Woodstock, announced in January that a 50-year anniversary event will take place from August 16 to 18 in Watkins Glen, New York. While the venue is not the original site of the festival, it was chosen due to its ability to host the anticipated number of attendees on the 1,000-acre race track. Since Lang’s announcement, however, no further details have emerged.

Hits Daily Double reports that the delay in tickets and the lineup reveal is due to “issues regarding the raising of money and venue capacity.” The site also reports that big-name acts like Dead & Company, The Killers, Miley Cyrus, The Black Keys, Santana, and Imagine Dragons have been approached to perform at the festival. Insiders told the site that Dead & Co. and one more act have received 100 percent of their guarantee.

“There’s always been lots of rumors around Woodstock,” Lang said in a statement following Hits Daily Double‘s article. “We have excellent partners and an incredible talent lineup of over 80 artists, which will be announced within the next couple of weeks. We’re preparing a once in a lifetime event.”

Lang did not give any details on the artist lineup, but during the festival announcement earlier this year, he noted that it will be an “eclectic bill,” featuring a variety of genres like rock, pop, and hip-hop. Some legacy bands are also slated to make an appearance, leaving both Santana and Dead and Co. as possibilities, since both artists performed at the original fest.

In addition to the music, Lang hopes that Woodstock 50 can make up for Woodstock ’99, which ended in drug overdoses, sexual assault, riots, and fires. This time around, Lang said he is booking all the acts himself and expects an attendance in the six figures.

“Woodstock, in its original incarnation, was really about social change and activism,” Lang said. “And that’s a model that we’re bringing back to this festival. It’s a gathering for fun and for excitement and for experiences and to create community, but it’s also about instilling kind of an energy back into young people to make their voices heard, make their votes heard.”

The original site of the 1969 festival, Bethel Woods, is holding a separate three-day festival to commemorate the anniversary of Woodstock during the same weekend.

Look out for more ticket information and the artist lineup in the coming weeks at Woodstock.com.