ATLANTA (CelebrityAccess MediaWire) — The Atlanta City Council has signed off on an agreement for the city to enter into a lease agreement Live Nation over the Lakewood Amphitheater.
According to The Weekly, the terms of the lease will see Live Nation pay rent and a percentage of ticket, parking, concessions and merchandising revenue for the facility, Live Nation will also make a substantial investment into the property.
The council voted 14-0 for the measure, with two abstentions.
This is an incredible opportunity for south Atlanta," The Weekly reported Council member Joyce M. Sheperd as saying. "Live Nation will not only bring great concerts to Atlanta, but will improve an anchor that has been in our community for years, while also increasing City revenue." – CelebrityAccess Staff Writers
