ST. LOUIS, MO (KTVI) – An aldermanic committee meets Thursday morning to consider a bill that could bring large scale music festivals to downtown St. Louis for years to come.
But some are concerned the long term contract tied with the deal could be problematic.
The 64 page “Summer Rocks Bill”, as it’s called, will be taken up at 11:00am by the city’s Convention, Tourism, Arts and Humanities Committee.
We’re told it could be voted out of committee Thursday and wind up before the full board of aldermen as early as next week.
The deal under consideration is with ICM Partners, the company which organizes massive music events like Lollapalooza and Lilith Fair.
Supporters say events like those would come to the Soldier’s Memorial area if this bill passes.
There would be two events a year: a three-day country event over Memorial Day and a rock/pop event on Labor Day.
We’re told each event could put more than a million dollars into the city’s coffers, but the deal would mean a contract of up to 20 years, which would block out other events from taking place around Tucker and Market on Memorial and Labor Day.
That has some upset.
City leaders say that non-compete clause would only apply to events as large as the festivals.
Others are suspicious of the timing, as it comes after the city lost the Taste of St. Louis this week and Blues Week before that to Chesterfield.
If it passes, the first of the festivals could happen as early as this coming Memorial Day.