Vancouver is preparing to throw a huge, free New Year's Eve party— just not until next year.

Vancity Buzz is the driving force behind NYE VAN, a new annual end of year bash kicking off on Dec. 31, 2014 at the Vancouver Convention Centre.

Plans include lighting the Olympic Cauldron at Jack Poole Plaza and populating the area around the convention centre with food carts, exhibits, roaming attractions and kids' activities.

An "Early Eve" countdown will be held for families with young children, while the Midnight Countdown Celebration proper will feature fireworks launched over Coal Harbour.

The group organizing the revelries—Vancouver New Year's Eve Celebration Society— is a coalition of groups including Vancity Buzz, brand.LIVE (organizers of the Celebration of Light), the Downtown Vancouver Business Improvement Association, Port Metro Vancouver, the Vancouver Convention Centre, PCI Developments Corp. and Tourism Vancouver.

The City of Vancouver will work closely with organizers as the event moves forward.

"It’s exciting to see community partners stepping up to bring a New Year’s celebration back to Vancouver," Mayor Gregor Robertson said in a news release.

The announcement comes after Vancouver Coun. George Affleck suggested in March that the city host a New Year's Eve bash in the downtown core using money from media and corporate sponsorship, Metro News reported.

The city has only sporadically hosted New Year's events over the past three decades, while the province has put on family events at Robson Square that end at 9 p.m for the past four years.

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