This year, the folks at Fourth Street Live! will be celebrating the New Year by throwing a free Carnival-style party on New Year's Eve.

According to recent Fourth Street Live! press release, the party will feature a Time's Square-style ball drop and countdown at midnight. The celebration is said to include music from live DJ's and $5,000 in cash and prizes.

The party is presented by Bud Light and hosted by 99.7 DJX and 102.3 The MAX. This is a 21-and-over party and is set to start at 9 pm.

Free parking is provided on Fourth Street between Liberty and Muhammad Ali boulevard. Valet parking is also available at the corner of Fourth street and Muhammad Ali. 

Photos: Fourthstreetlive.com