Lollapalooza's current contract with the Chicago Park District ends this year.
Despite Lollapalooza cofounder Perry Farrell reportedly saying that festival organizers have reached a deal to keep the flagship music festival in Chicago for another decade, no such agreement is yet finalized.
A spokesman for Texas-based C3 Presents, which puts on Lollapalooza, said its negotiations continue with the city and the Chicago Park District.“We have no official agreement, but we are hopeful to have one as conversations continue,” Guy Chipparoni, a consultant for C3 Presents.Lollapalooza’s previous agreement, which was signed in 2012, was set to expire after last year’s festival, but the parties agreed to execute a one-year extension option.
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