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The new permit will help generate more than $3 million for the Park District, but critics are already voicing concerns.
In an abrupt about-face, festival organizers announced the event will remain in Chicago after all. Neighborhood residents who were eager to see the festival leave town expressed dismay on learning they'd be dealing with the noise, trash, traffic again.
This year, more than 60,000 people attended each day over Memorial Day weekend, generating $243.7 million in economic activity for the city. The new deal could potentially include expanding the two-day festival to three days.
The event is hosted by 23XI Racing driver Bubba Wallace.