Tax-free-palooza: Music fest that hired Daley nephew got pass on tax

[marmar]

from the Chicago Sun-Times:




Music lovers will pack Grant Park this weekend for Lollapalooza. With acts including Eminem, Kid Cudi and Coldplay all in one place, the sold-out festival will offer a three-day musical bonanza for fans.

And if Lollapalooza wasn’t already enough of a financial bonanza for its promoters, who grossed more than $21 million last year, City Hall and Cook County government officials are doing their part to boost the festival’s bottom line, even as they struggle with their own budget crises, which threaten to result in layoffs of city and county workers.

For a seventh straight year, the city and county are exempting Lollapalooza from paying the amusement taxes normally imposed on arts and athletic performances and even movies.

That will save the promoters — Austin, Texas-based C3 Presents LLC — more than $1 million in taxes on the 270,000 tickets sold for this years’s festival, which opens Friday. .................(more)

The complete piece is at: http://www.suntimes.com/6739463-417/tax-free-palooza-music-fest-that-hired-daley-nephew-got-pass-on-tax.html

[Enrique]

1. there's still a Lollapalooza?

i'm so out of it.

[marmar]

3. Yep, but it's a one-time, one-location event now. It doesn't tour.

nt

[xchrom]

2. Recommend