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​​​​​​​Indio extends development agreement with Coachella Music Festival until 2050

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    ​​​​​​​Indio extends development agreement with Coachella Music Festival until 2050

    Indio extends development agreement with Coachella Music Festival until 2050

    Eliana Perez
    Palm Springs Desert Sun 8/19/21


    Indio will continue to be home to the Coachella Valley Music and Arts Festival until at least 2050.

    The Indio City Council on Wednesday approved a decades-long extension of the development agreement between the city and Goldenvoice LLC, the company that has put on the festival since 1999.

    The extension was approved 3-1, with Councilmember Oscar Ortiz dissenting. Mayor Elaine Holmes excused herself from the discussion, citing a conflict as she owns property within 1,000 feet of the festival area.

    Last month, Goldenvoice LLC and Coachella Music Festival LLC requested an amendment to the development agreement with the city in order to extend their term a total of 37 years. It includes the original 17-year agreement and an additional 20 year term.

    In their request, Goldenvoice and Coachella Music Festival stated that the extension was necessary "to ensure the continuation of the long-term public benefits the Coachella Music and Arts and Stagecoach Country Music Festivals provide."

    A few residents called in to the council meeting to say if the statement in the request was the case, they'd like to see direct economic benefits to the city attached to the ordinance. Others implied the festival caused more issues than it was worth.

    "That money should be allocated to residential programs like parks, programming, stuff for our families. This is all very hazy and it's not clear to the residents what the benefit is, other than we get to just say Coachella is here," one caller said.

    "Will the company receive a cheaper rate on police costs anywhere other than Indio? Will Palm Springs let them bring 17 Beyoncé semi-trucks through the busiest streets? No, but Indio has," another caller asked.

    On the contrary, Councilmember Glenn Miller, who was mayor at the time that the first extension agreement with Goldenvoice was signed, said that expenses related to public safety or signage on roads to direct concert traffic is all paid for by Goldenvoice.

    "Not one dollar comes out of the city of Indio's pocket. So, we benefit from the money that comes in here from the ticket sales," he said, adding that the benefits were not just in Indio, but Valley-wide. "They're spending thousands and thousands of dollars in our community, keeping our residents working, not just in Indio, but throughout," he said.

    Miller also credited the Goldenvoice partnership with providing international opportunities: "We're the City of Festivals, that's what we pride ourselves on," he said.

    #2
    Neato, this is part to the deal they struck that gave GV the ability to host something like 6 events a year

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      #3
      Originally posted by Papichujoe View Post
      Neato, this is part to the deal they struck that gave GV the ability to host something like 6 events a year
      I'm still waiting for those 3 additional fall festivals! an 80's Desert Trip, or a "Coachella Classic" (which I guess is basically Just Like Heaven), or a good old classic EDM festival would be welcome in the fall!
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        #4
        A generational desert trip would be amazing, I remember seeing the rumors of an 80's desert trip and it got me thinking that and av90's lineup with the existing bigger names would be amazing

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          #5
          A Flock of Seagulls and Vanilla Ice as headliners.

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