Mayor Lori Lightfoot announced that Lollapalooza will continue to take place in Chicago after a 10-year deal between organizers and the city.
Guitarist Peter DiStefano performs with Perry Farrell’s band Porno for Pyros on the final day of Lollapalooza on July 31, 2022, in Chicago.
The announcement comes days after the two sides hit a snag in negotiations, with C3 Presents executives pressing the city for assurances that Chicago’s amusement tax would not rise higher during the course of a new agreement. for a televised Cup Series event in 2023 and beyond, Lightfoot’s Lollapalooza announcement could help bolster the mayor’s re-election case that Chicago’s downtown is recovering. It would also ease the blow of the potential loss of the Chicago Bears to Arlington Heights.Chicago will transform the Grant Park area into the first-ever NASCAR street race in 2023. Here’s a look at the course.
Mayor Rahm Emanuel raised the amusement tax from 5% to 9% as part of his 2018 budget. The festival also began paying Cook County’s 1.5% amusement tax after the county board closed a loophole that exempted them in 2012. A source close to festival organizers warned that any additional tax hike would be passed on to ticket buyers.
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