The promoter who produces the massive Coachella and Stagecoach music festivals is threatening to move the popular concerts out of Indio in the face of a proposed new tax on tickets, according to the Desert Sun.
Goldenvoice president Paul Tollett told the Sun his company is eyeing other venues and would consider moving the festivals elsewhere if the tax measure makes the ballot, saying that the events "would take off 2014" in order to relocate.
Indio City Coucilman Sam Torres has proposed a tax of between 5 and 10 percent per event ticket, according to the Sun. That would mean about a $38 fee on each ticket sold, Tollett estimated, and about $4 to $6 million in revenue for the city.
The proposal is an attempt to shore up a budget deficit that has had Indio making painful cutbacks to city services, including layoffs and furloughs for many of its employees.
So far, the Indio City Council has declined to consider Torres' proposal. The councilman has promised to begin raising signatures to have the his measure appear on the November ballot.
He has until August 10 to raise the 2,700 votes necessary.