Time FrameHolidays 2017
Rumor StatusBlue Sky
The Osborne Family Spectacle of Dancing Lights ended it's run at Disney's Hollywood Studios in 2015 to facilitate construction for Star Wars Land and Toy Story Land.
One possibility are the lights being relocated to Disney Springs to help increase foot traffic to the area. One concern is that installation of the lights and the corresponding "shows" with the lights would require approval from the individual businesses.
A possible time frame would be as soon as 2017, but it may not be fully approved until 2018.
October 15, 2016: On Episode 112 of the Unofficial Guide's Disney Dish podcast with Jim Hill, Jim discussed the possibility of the Osborne Lights coming to Disney Springs as soon as the 2017 Holiday season.