( CNN ) -- It was n't the grand announcement fans were hoping for , but it will do . Jay Z 's Budweiser `` Made in America '' festival will occur simultaneously in both Los Angeles and Philadelphia over the Labor Day weekend , it was announced on Wednesday . It 's the first time the previously star-studded concert series is headed west , and the announcement that the rapper planned a press conference with Los Angeles Mayor Eric Garcetti led to speculation that there would be a joint tour with Jay Z 's superstar wife , Beyonce . Despite the dashed hopes , it 's still a huge deal . Mayor Garcetti says 50,000 fans are expected to attend the two-day event . Philadelphia garnered a $ 10 million economic benefit from last year 's festival thanks to the multitudes who came . `` LA is the music capital of the world , '' Garcetti said . City officials admitted that holding such a festival in downtown Los Angeles will be a logistical challenge . Prior to the announcement , Variety reported that City Councilman Jose Huizar had introduced a motion in March asking for the withholding of permits for the event until the potential disruption to downtown could be assessed . The announcement is yet another financial feather in Jay Z 's cap . He and his wife have consistently topped music charts as well as lists of the most successful star couples , including last year 's Forbes compilation of the highest-earning celebrity couples . The pair surprised fans this year at the Coachella music festival held in Indio , California , in April . There 's no word yet on the lineup , though Jay Z hinted that several genres will be represented . If 2013 is any indication , that will include Beyonce . Last year 's performers included Nine Inch Nails , Rick Ross and Skrillex .
Eric Garcetti the Labor Day weekend festival will is headed to Philadelphia . It will occur simultaneously in Beyonce . Rumors swirled he would announce a tour with Los Angeles .