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Lollapalooza deal cracks down on tax breaks


Source: Vocalo

March 15, 2012 @ 8:00 AM

In a tacit admission that Lollapalooza’s original long-term, tax-free deal with the city, crafted in part by Mayor Daley’s nephew Mark Vanecko, was inequitable and possibly corrupt, promoters have reached a new agreement with the Chicago Park District under which they finally will pay all of the city, county and state taxes levied on every other for-profit concert, entertainment and sporting event.

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