Lollapalooza will stay in Chicago for at least another decade

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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