LOS ANGELES (CBSLA.com) — Final preparations are underway for this weekend’s Made in America outdoor music festival, which is expected to draw thousands to downtown LA’s Grand Park.

Performers expected to rock Grand Park over two days include Imagine Dragons, Kanye West, John Mayer, Weezer, Iggy Azalea, Kendrick Lamar and dozens of other well-known music acts.

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The event, spearheaded by rapper Jay-Z, is a first for downtown LA, where there have been some concerns about alcohol consumption, security and traffic.

One bystander says the alcohol consumption shouldn’t be a problem.

“I think its pretty awesome, I think it lightens the mood,” bystander Stephanie said.

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Several downtown streets have been blocked off, including 1st, Olive, Hill, Broadway and Main streets, and will remain closed through Tuesday. But downtown workers like Joe don’t seem to be worried about it.

“I think its pretty exciting for the neighborhood,” he said. “It’s brought a lot of jobs to the local community, I think it’s going to be a fun event.”

Hundreds of law enforcement officers will also be on hand during the festival.

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Made In America is expected to generate up to $12 million in revenue for the city of Los Angeles.