Chicago's most popular music festival isn't going anywhere anytime soon.
As Lollapalooza neared the end of its fourth and final day Sunday, Mayor Lori Lightfoot announced an agreement to keep the festival in Grant Park for at least another 10 years. A contract announced between C3 Presents, the company behind Lollapalooza, and the city of Chicago calls for the Chicago Park District to receives a share of all C3 revenue streams ranging from 5% to 20%, depending on total festival revenue, according to a news release.
Lightfoot called Lollapalooza"not only a significant economic driver" for the city, but a"truly iconic Chicago summer festival."
Source: News Formal (newsformal.com)
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