As I told you a few days ago, Indio City Councilman Sam Torres was proposing a new ticket tax on events with capacities of over 2,500 that would have ended up costing the Coachella and Stagecoach promotion company, Goldenvoice, an extra $4 to $6 million in taxes.
Not sure if that number was per festival or for both combined, but either way that's a huge amount in extra taxes that Goldenvoice wasn't willing to pass on to festival goers.
Goldenvoice president, Paul Tollett, put it in very clear terms that if the proposed tax passed and went into effect, he'd be taking his festivals and finding them a new home somewhere else in 2014.
Well the threat appears to have worked because the city councilman has decided to drop the proposed tax, saying in a press release: "I don't take a threat from Paul Tollett lightly. I cannot in good conscience allow this to happen no matter how dire the city's circumstance. My sincere hope is that we can now move past this episode and I personally look forward to working to enhance relationships."
Hopefully the city will be able to find another way to help their dire circumstances.