After being speculated that the parade that has performed at the Magic Kingdom for over 20 years was being dismantled for retirement, the truth was released by a Disney Spokesperson that the parade has officially been retired from the park. Some of the floats will be recycled for other uses, although which ones will be saved are not known at this time.
SpectroMagic made its debut in the Magic Kingdom back on October 1, 1991. The parade then took a slight break beginning in 1999 for a few years and then returned only to be retired officially on June 5, 2010. The Main Street Electrical Parade has been filling in for SpectroMagic since its retirement last year.
via Inside The Magic