The Town of Collingwood will not be moving the Elvis festival.

A proposal to relocate the festival from downtown and change it from five days to three was not approved by council Monday night.

Instead, council has asked for a revised plan that will keep the festival downtown.

The festival hasn't met budget objectives for the past three years. Council wants to look at the festival as an economic driver that brings about $1.3 million into the community each year. 

The revised plan is expected to go to council in early January.