03/15/2012 10:33 am ET Updated May 15, 2012

Lollapalooza Finally Will Pay What It Owes

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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