Philadelphia reimbursed for Jay-Z music fest costs
PHILADELPHIA (AP) - September 20, 2012 (WPVI) -- Concert promoter Live Nation has put up more than $500,000 to cover the city's costs for the Labor Day music festival on Philadelphia's Benjamin Franklin Parkway.
The two-day Made In America festival hosted by Jay-Z cost the city $505,124 in police, sanitation and other expenses. Live Nation paid a $200,000 deposit and delivered a check to cover the balance on Wednesday.
Mayor Michael Nutter says a preliminary estimate shows the event generated $10 million for the city's economy.
The city has long held events and concerts on the parkway but this was the first ticketed event to use the space.
jay z, music, philadelphia, local/state
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