A deal approved last month will open up more parking in the area of the Coachella and Stagecoach music festivals in return for some much needed cash going to the Coachella Valley Unified School District, according to the Desert Sun.
A land-use agreement between Coachella Valley Unified School District and Goldenvoice will allow music festival attendees to park in the district-owned 62-acre lot at the corner of Monroe Street and Avenue 49 in Indio. The agreement, approved by CVUSD’s board last month, also will provide some much-needed income for the financially struggling district.
Goldenvoice LLC, which oversees Coachella Valley Arts and Music Festival, will pay the district an annual fee of $200,000 through May 2022, with a possible 5 percent increase each year. The agreement also includes an annual donation from Goldenvoice to the school district of $385,000 to be used on “literacy improvement and other student programs including but not limited to athletics, visual arts, music, and other student-centered programs.” According to district administrators, these funds will go to rebooting CVUSD’s foundation.
Seems like a win-win situation for both the festival and the school district – though no matter how much parking they add around the festival grounds, you should probably still take the shuttles.