Summer Rocks vs. Lollapalooza: By the Numbers
Worth noting: The latest Lollapalooza deal was hammered out under current mayor Rahm Emmanuel's administration. The mayor's brother is Ari Emmanuel, the co-CEO of Lollapalooza co-organizer William Morris Endeavor (and the basis of Jeremy Piven's character in the HBO show Entourage).
Locally, real estate developer Steven Stogel is a major player in Missouri politics and downtown redevelopment. Stogel says he introduced ICM Partners to St. Louis city officials. Through his Clayton-based DFC Group, Stogel has participated in a number of publicly financed projects in downtown St. Louis, including the oversight of the $47 million restoration of the historic Old Post Office (for which Stogel's DFC Group partnered with Mark Schnucks' DESCO Group), and as consultant on the $75 million renovation of the St. Louis Central Library. His work helped spur a redevelopment renaissance and made himself (and a lot of other people) a lot of money.
Stogel was also cherry-picked to co-chair Governor Jay Nixon's Tax Credit Review Commission, which was formed to make the state's tax-credit system more efficient.
Stogel even had a hand the redevelopment of the Gateway Mall, where the Summer Rocks festivals would take place.
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