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Farrell partnered with Capital Sports & Entertainment ( now C3 Presents ), which co-owns and produces the Austin City Limits Music Festival, to produce Lollapalooza.

CSE, Farrell and the William Morris Agency — along with Charles Attal Presents — resurrected Lollapalooza as a two-day destination festival in 2005 in Grant Park, Chicago, Illinois, with an even greater variety of performers ( 70 acts on five stages ) than that of the touring festival.

The festival was generally successful, attracting over 65, 000 attendees, despite a 104 degree Fahrenheit Sunday ( 40 degrees Celsius ) heat wave ( two people were hospitalized for heat related illness ).

It returned to Chicago on August 4 – 6, 2006.

On October 25, 2006, the Chicago Park District and Capital Sports & Entertainment agreed to a five-year, $ 5 million deal, keeping Lollapalooza at Grant Park in Chicago until 2011.

Lollapalooza ran August 3 – 5 in 2007, August 1 – 3 in 2008, August 7 – 9 in 2009, and August 6 – 8 in 2010.

August 5 – 7 in 2011.

August 3-5 for 2012.

After a successful 2008 festival, another deal was signed to keep Lollapalooza in Chicago through 2018, guaranteeing the city $ 13 million.