PASADENA (CBSLA.com) — The Pasadena City Council Tuesday approved a summer concert featuring Jay-Z and his wife, Beyonce, at the Rose Bowl.

The council unanimously approved the Aug. 2, 2014 event during a special meeting.

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The concert has yet to be announced by promoter Live Nation.

The show marks the 18th large-scale concert to take place at the Rose Bowl in 2014. A city ordinance limits the number of big events at the Rose Bowl to 12 per calendar year, but the council can vote to approve additional events.

The venue will also host a three-night One Direction concert in August and a two-show run of Rihanna and Eminem’s summer tour in September.

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The venue is using concerts as a way to generate revenue for the stadium, which has spent nearly $170 million in renovations in recent years.

But as KNX 1070’s Margaret Carrero reports, some residents like Bill Warren – who has lived in the neighborhood for 50 years – think the city should honor its limit of a dozen big events per year at the 92,000-seat stadium.

“We think we oughta stick with that, rather than making exceptions and continuing to pile on more and more,” Warren said.

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Concerts bring in an average of $400,000 per night, Rose Bowl officials said.