Mayor Lori Lightfoot was in attendance at Lollapalooza Sunday night to announce the city and festival have agreed to keep the annual festival in the city for the next 10 years, with an additional 5 year extension option. | Photo: Chicago Mayor's Office

CHICAGO - Though the news "leaked" early in the weekend when the founder of Lollapalooza, Perry Farrell himself, told WGNNews' Dean Richards that a deal had been reached, Mayor Lori Lightfoot took the stage Sunday night to announce that the Lollapalooza Festival will remain in Chicago for at least the next decade.[1]

Mayor Lori Lightfood and Perry Farrell, frontman of the band Jane's Addiction and the founder of Lollapalooza, took the stage Sunday night before the closing set of K-Pop star J-Hope to announce that a deal had been reached to keep the Lollapalooza Festival in Chicago for at least another decade. The deal reportedly also has an option to extend the deal for an additional 5 years beyond.

The festival began in the early 1990s but found a permanent home in Chicago's Grant Park in 2005.

According to the Chicago Sun-Times, last year's festival generated the city approximately $4 million in taxes over the four day period, and the Park District nearly $8 million in fees.[2] As the festival just finished yesterday, as of yet it's unknown the figures for this year's festival.

Lollapalooza has already announced the dates for next year's festival of August 3-6, 2023.

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Notes & References

  1. Richards, Dean. “Lollapalooza Extends Chicago Contract 10 More Years, Founder Perry Farrell Says.” WGN. WGN-TV, July 29, 2022. ↩︎

  2. Camarillo, Emmanuel. “Lightfoot Announces Deal to Keep Lollapalooza in Grant Park for Another Decade.” Times. Chicago Sun-Times, August 1, 2022. ↩︎