MIAMI - According to Billboard Biz, Miami city officials have reportedly ended their bid to ban future installments of Ultra Music Festival from taking place in the city. The news was revealed by Ultra Music Festival organizers on Friday night. A request for comment and confirmation from city officials was not immediately returned.

Miami Mayor Tomas Regalado and city commissioner Marc Sarnoff called for an end of Ultra after a security guard was severaly injured in a stampede during the first day of the festival. Over the course of the entire festival weekend, 76 festival-goers were arrested, 28 of them for felonies, and 118 others were treated by paramedics.

In a statement released Friday, Ultra organizers defended the festival and noted the positive impact it brings to the city of Miami:

Since its launch in 1999, Ultra Music Festival has attracted millions of visitors to the City of Miami. The annual event has brought considerable economic impact to the City of Miami and surrounding communities, which includes generating over $223 million in 2013 alone. Last year, the 6-day event created over 1,800 direct jobs.

Event organizers remain thankful for the infinite support of their patrons and partners in Miami and across the world. Ultra remains committed to working actively with the City of Miami, its Police, Fire and Risk Departments, and the Bayfront Park Management Trust to continually make the event safe, secure and successful.