Cambridge's street art festival will go ahead this year, despite the original founders of the event taking a step back from it.

The city has confirmed the festival will go ahead as party of Mayor Doug Craig's Celebration of the Arts, which this year takes place on June 15.

"The street art festival has been a very positive event in the community," the city's corporate communications officer Shawn Falcao said in an email, adding the city was "pleased to confirm" the event would continue.

More details are expected to be released in the next month or so.

The move comes after Brian and Linda Price said they made the decision to step back "and relinquish the extremely demanding leadership roles and many hours of work to make the festival the success that it has been."

The festival's website is offline, although the Facebook page and Twitter account remain active.

Brian Price said they spoke with the city to have the city manage "a good portion" of the festival, but Price would remain on in an advisory role.