The Indy Week is reporting that Moogfest “is looking to relocate to downtown Durham in April 2016,” according to “several independent sources” who go unnamed in the story.

On Jan. 15, Moog Music’s public relations representative responded to a query from Xpress stating that the company has “no comment” at this time.

If the festival does move to Durham, it won’t be the first time it will be held outside of Asheville, where Moog Music founder Bob Moog lived from 1979 until his death in 2005.

Smaller Moogfests were held in New York City from 2004-08. Moog Music partnered with AC Entertainment to produce larger Moogfests in Asheville from 2010-12. Last year, Moog Music split from AC Entertainment and revamped the music festival, putting more focus on speaker panels and technology exhibits. The five-day April event was a major boon to the local economy, generating $14 million, according to an analysis by the Economic Development Coalition for Asheville-Buncombe County and the Asheville Area Chamber of Commerce.

The ultimate goal of the festival, which featured a wide range of performances, talks and demonstrations by musical and technological innovators, “was all about attracting entrepreneurs to Asheville to see what a great place we live in,” said Moog Music CEO Mike Adams in a July interview with Xpress.

However, the festival cost about $2.74 million to produce and lost roughly $1.5 million for the private company.

Update – Moog Music sent the following statement on Jan. 15 after this post was published:

We are aware and appreciative that people are interested in details regarding Moogfest 2016. At this time, everyone in the Moog Music Factory in Asheville, NC is diligently working toward the 2015 NAMM trade show, the largest musical instrument expo in the world, taking place next week. As such, we are currently focused on our new electronic musical instruments which will be announced shortly. We look forward to sharing the details of Moogfest 2016 with the music, tech and art community as they become available. In the meantime, it’s all about analog synthesizers.