San Francisco has finally figured out a way to make some money in this struggling economy. Just put on music festivals.
More than 150,000 people filled Golden Gate Park to rock out to Radiohead, Beck and others last summer. The city made $815,000 off of the music, according to KCBS and its looking for more.
The new deal promises to make San Francisco even richer. Another Planet, the entertainment company that stages the festival, agreed to pay a minimum of $950,000 for three encore performances.
There was no word whether future festivals would be staged differently. Last year's crowd caused headaches for nearby residents who complained about noise and traffic.
"It's a pain," one resident told the San Francisco Chronicle while another added that "traffic is the only problem. It took a while to drive out of the neighborhood."
This year's show takes place from Aug. 28 to Aug. 30 and features Pearl Jam, Tom Jones, The Beastie Boys and more.