Zilker Park Costs About $100k To Rent for ACL, Austin360 Reveals
According to Corcoran, the company's arrangement for Lollapalooza in Chicago is roughly ten percent of gross ticket sales, or $1.6 million in 2009, given to the Parkways Foundation. Here in Austin, they've signed a considerably more lucrative deal: a $12,000 flat fee to rent the park, plus $1 per ticket sold (weekend passes still count as one ticket). Corcoran estimates the total to be under the $100k mark.
Other interesting expenses from the contract include: $30 for a sound permit, $1500 to rent Republic Square Park for shuttle services, and $2,500 to rent the park from October 5-9 for cleaning.
All of this, of course, doesn't factor in the $2.5 million grant that C3 Presents has promised the city to cover the cost of renovating the park, plus the cost of getting it back in working order after last weekend's festival. An article in the Austin Business Journal last year reported that C3 had already paid up to $300k for Zilker improvement efforts since 2006.
Read the contract for yourself here, via the Statesman. (pdf)
Related:
C3 pays city $12,000 to rent Zilker Park for ACL Fest
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