"I'm looking at this really positively. It will give someone else the opportunity to further develop Lakeside and give it a new twist.
"But over the last few days, it's really dawned on me that it's all coming to a close for me, and I admit, it is pretty sad," he said.
Mr Morrison said new projects were on the horizon for him, but those projects meant he would not be able to put the amount of effort into Lakeside that he thought it deserved. He said the show's future would remain bright and he was thrilled that Saturday's show was such a hit.
"All the feedback I've received so far has been incredibly positive. The crowd was larger than it has been in many years and I'm glad we managed to escape the worst of the weather, with only a bit of drizzle.
"I think everyone really enjoyed themselves too."
Mr Edward said the calibre of the performers was outstanding and that made the event world-class.
"The performers really are the best New Zealand and Rotorua has to offer.
"And it's not just the performers, everyone involved backstage, the technicians, pyrotechnicians, the entire crew, they're all the best at what they do," he said.
Mr Edward said while it was difficult to compare previous Lakeside concerts, he ranked this year's events alongside some of the best in the show's history.
"I think under the circumstances, with the weather not being the nicest, everything went superbly well."
Mr Morrison said Lakeside had become dear to Rotorua and was glad to have been a part of it. He wanted to thank everyone who has been involved in the show over the years.
"I'm truly grateful for all the support I've had since the show began, it's been outstanding."