01/23/2012 11:51 am ET

Cook County Goes After Lollapalooza's Tax Exemption

If the city won't reexamine the boondoggle of a tax break that the Daley administration gave Lollapalooza, even in the midst of an epic budget crisis, the county will.

Cook County Commissioner Bridget Gainer says she has heard from many of her North Side constituents complaining about the negative impact on their businesses caused by Lollapalooza, and its tax break adds insult to injury. "No tax is paid or reported," she says. "It's absurd."

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