The Coachella Valley Music and Arts Festival and Stagecoach will both continue to take place at the Empire Polo Club in Indio, California until 2050. According to reports, festival organizers Goldenvoice signed a long-term lease with the owners of the Empire Polo Club, extending their original agreement by 20 years. The new lease will give the company control over “year-round operations at the festival site and polo fields estimated to be worth $80 million,” supervision of the Empire Grand Oasis property in Thermal, California, and will allow Goldenvoice to host two more three-day festivals every year.
“We are pleased to continue our long- term relationship with Paul Tollett and Goldenvoice,” Alexander Haagen III, owner of the Empire Polo Club, said in a statement. “The new long-term lease will assure that the iconic Coachella and Stagecoach Music Festivals will continue for many years to come and allow Goldenvoice to expand their vast catalog of musical acts on both of Empire’s properties. We wish the very best to AEG, Goldenvoice, and Paul Tollett with their future plans.”
City records state that Goldenvoice generates a total of $3.5 million USD for Indio annually, and the organizers are set to return with Coachella on April 15-17 and April 22-24, 2022 after being away for two years, while Stagecoach will take place on April 29 to May 1, 2022.