Daywatch: Is Lollapalooza in Chicago to stay?

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Good morning, Chicago.

Under a hazy blue sky, Lollapalooza opened for its long weekend in Grant Park, quickly becoming a small city within a city for music fans.

But is Lollapalooza in Chicago to stay? Despite festival cofounder Perry Farrell reportedly saying that organizers have reached a deal to keep the event in Chicago for another decade, no such agreement is yet finalized. A spokesman for Texas-based C3 Presents, which puts on Lollapalooza, said its negotiations continue with the city and the Chicago Park District.

Launched in 1991, Lollapalooza put down roots in Chicago in 2005, becoming a major tourism draw for the city, attracting hundreds of thousands of festivalgoers and infusing millions into the local economy. See photos from day one.

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