Two aldermen with close ties to Chicago’s music scene are demanding that the City Council investigate the tax-and competition-free sweetheart deal that keeps Lollapalooza in Grant Park through 2018.
“It’s all about the asset of Chicago with Lollapalooza and whether or not we’re getting a fair deal,” said Ald. Joe Moreno (1st). “I don’t think we are. I don’t think we are from a council member’s standpoint, and also from a fan’s perspective.”
“This should have council oversight, and it is all the more reason that the City Council should pass an ordinance—already introduced under Daley—to view these and similar contracts first,” said Ald. Scott Waguespack (32nd). He added that his staff is “drafting an ordinance—or a resolution at least—to nullify the tax break.”
Initially reported by this blog last year, Lollapalooza's possibly illegal tax exemption became the source of renewed focus last week, shortly before 90,000 people per day (plus uncounted flash-mob gatecrashers) arrived in Grant Park on Friday, Saturday, and Sunday.