Lollapalooza Promoter To Pay Chicago Park District $750K For Canceled Event

Lisa Fielding
June 12, 2020 - 7:44 am

WBBM Newsradio/Lisa Fielding

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Related: Taste Of Chicago, Lollapalooza & More Canceled Due To COVID-19; Chicago Announces New, Reimagined Summer Events

CHICAGO (WBBM NEWSRADIO) -- Canceling Lollapalooza is not a total loss to the City of Chicago.

Lollapalooza promoter C3 Presents will pay the Chicago Park District $750,000 for this year's canceled music festival, per the terms of their contract, the Park District announced Thursday.

According to the contract C3 and the Park District signed in 2012, C3 is required to pay the Park District $1.5 million even if the festival is not held, unless there are special circumstances. C3 owes nothing if the festival is not held because the Park District breached the contract. The Texas-based promotion company owes $750,000 to the Park District if the cancellation is because of force majeure, which covers fire, hurricane, flood, tornado, “act of God,” terrorist act, mechanical or structural failure, civil commotion and any law or order from a public or military authority stemming from certain occurrences that are “not reasonably foreseeable” and are beyond “reasonable control.”

The Lollapalooza contact is due to expire next year. Mayor Lightfoot said it will be renewed. 

The city announced Tuesday that Lollapalooza, along with the Taste of Chicago, Chicago Air and Water Show, and other summer events were canceled due to the COVID-19 pandemic. Lollapalooza was set to take place July 30-Aug. 2 in Grant Park.

Organizers said they will hold a virtual event this year instead, with more details to come.
 
"We wish we could bring Lollapalooza to Grant Park again this year, but we understand why things can't move forward as planned. The health and safety of our fans, artists, partners, staff, and community is always our highest priority. Rest assured, we will be working hard behind the scenes to deliver Chicago a spectacular celebration of Lollapalooza's 30th anniversary in the summer of 2021, and we can't wait to celebrate with you. It's difficult to imagine summer without our annual weekend together, sharing the undeniable energy generated when live music and our incredible community of fans unite. Keep July 30-Aug. 2, 2020 on your calendars, as we honor our annual tradition by bringing Chicago, and the world, together around our common bond of community, civic engagement, and, of course, live music. The weekend-long virtual event will include performances from around the city and beyond, epic archival sets from Chicago and the festival's six international editions, never-before-seen footage from the 1990's and much more. Full schedule coming next month," Lollapalooza wrote in a statement.
 
 
The lineup for this year's festival which typical includes more than 150 acts was never announced. Tickets never went on sale. 
 
Lollapalooza, Chicago’s largest music festival, usually draws 100,000 people to Grant Park for each of its four days.