Would be very surprised if that even makes it onto the November ballot. Chasing Coachella (Goldenvoice) out of the Coachella Valley is the last thing that area needs. That fest brings a SHIT TON of money into the area each year.

Sheesh, between this and the news this evening about ATP possibly going to administration, what is going on with music festivals?

In June, Indio city councilman Sam Torres turned up the heat when he proposed a five-ten percent ticket tax on any live events hosting more than 2,500 people — in other words, the Coachella Valley Music and Arts Festival and Stagecoach Music Festival.

Goldenvoice president Paul Tollett responded to the proposal last week, stating, “If the tax initiative of putting $4 million to $6 million onto Coachella gets on the ballot, we’re going to take off 2014; 2015 we’ll be at a new facility outside of Indio.” Now, as The Daily Swarm reports (via NBC Los Angeles), Torres has reneged his proposal, insisting, “I don’t take a threat by Paul Tollett lightly.”

The announcement came this afternoon, when Torres digressed in a press release: “I cannot in good conscience allow this to happen no matter how dire the city’s circumstance. My sincere hope is that we can now move past this episode and I personally look forward to working to enhance relationships.”