Festival extends Chicago commitment 10 years

December 23, 2008 6:23:53 AM PST
Lollapalooza is staying in Chicago for 10 more years.An agreement has been reached between the park district and the promoters.

The festival, held in Grant Park, has generated more than $4 million for the city since 2005.

The new deal is expected to earn more than $12 million more for the parks.