Chicago Likes Shed Income
The Chicago Park District is already pleased with the temporary 8,000-seat amphitheatre that
The district wanted a minimum revenue goal of $800,000 a year, but early projections for the first season are around $1.4 million, according to the Chicago Tribune.
The original figure was reportedly required to cover the costs of maintaining Northerly Island and converting the peninsula into a nature park.
About $800,000 will come from parking at
All told, with about 20 events expected this summer, revenue will be well above the $800k minimum, officials believe. There’s also a $25,000 bonus to the district beginning in 2007 if annual attendance tops 200,000 and an additional $25k if the head count is 225,000, the Tribune said.
CCE is expected to kick off the season June 24th with