Where did you ever hear this? AFAIK it is not going to change location. Maybe your city is going to start one as well though. I know Redding, Ca. started what is called Cool April Nights a while back and from what I hear it has become bigger and better than Hot August Nights ever has (I haven't attended yet so I have no idea).
Found the info.
In 2011, Hot August Nights will run from August 3 through 14 with the Event opening in
Long Beach, CA followed by South Lake Tahoe, both of them being held prior to the Reno
Sparks Event. This new structure will allow participants to literally cruise from the Pacific
Ocean to the High Sierra’s.
So Long Beach, Ca. will be the OPENER for the final event ending in Reno, Nv. with South Lake Tahoe after the Long Beach event.