Ultra Music Festival Staying In Bayfront Park Through 2027

Ultra Music Festival 2016 - Day 1

Photo: Getty Images

It looks like it's a done deal, the Ultra Music Festival will be coming back to downtown Miami for at least another five years.

Miami commissioners unanimously passed a negotiated revocable license agreement that keeps the three-day electronic dance music festival at Bayfront Park through 2027.

Next year's rent is already paid bringing in a whopping $2-million and that will bump up by 4% every year after that. If you are looking for tickets get ready, there's a limited number of tickets set to go on sale Tuesday at 11a.

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