Showing posts with label electric forest cancelled. Show all posts
Showing posts with label electric forest cancelled. Show all posts

Thursday, February 13, 2014

Electric Forest May Not happen in 2014

Rumors have been spreading like wildfire about Electric Forest 2K14 being cancelled due to a legal squabble between SFX Entertainment and AEG/Madison House. Electric Forest is held annually at the Double JJ Ranch & Golf Resort, a holding of Progressive Resorts. Progressive has fallen into hard times and in order to keep ownership of the resort, they're required to pay off millions of dollars of debt. SFX stepped up and offered to pay off the debts, in order to acquire usage of the resort, essentially taking control of "Electric Forest". SFX however, couldn't take the name legally, but it could stage a similar event on the same property pretty much stealing AEG's attendees. There is however one very big snag: Progressive Resorts accepted a $60,000 deposit from AEG/Madison House to use the property for Electric Forest. Progressive has now claimed that Madison House's contract, which would have allowed it to host the festival for 20 years at the location, is "void." There is a promoter (AEG who just merged with Madison house) who is posing a restraining order and injunction to protect the land lease. A Oceana County Judge will review on Monday and we will be keeping you updated! Below is official statement regarding the issues from EF's Facebook page: