The iconic holiday lights at Saks Fifth Avenue in Manhattan will not illuminate the city streets this season due to cutting costs.

Dazzling displays of synchronized lights on the facade of Saks Fifth Avenue’s flagship store in midtown Manhattan have thrilled holiday visitors for years.

The parade’s highest honoree is Medal of Honor recipient Dakota Meyer, a Marine. According to the nonprofit United War Veterans Council, he is recognized for his valor in the Afghanistan War, in which he defied orders and went into a particularly dangerous area to help save American and Afghan troops who had gone missing, and in the Iraq War.

New York City's 105th annual Veterans Day Parade marched up Fifth Avenue in Manhattan on Monday. Organizers with the United War Veterans Council said 20,000 participants from across the U.S, including nearly 300 marching and vehicle units,