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07-10-2008, 09:36 AM
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#3 (permalink)
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 Mark Dantonio
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Quote:
Originally Posted by Bob Sakimano
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Sounds like the resort saw this as their last chance...
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Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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07-10-2008, 09:37 AM
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#4 (permalink)
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 25,000+ posts |
Quote:
Originally Posted by Brock F@%ing Sampson
Sounds like the resort saw this as their last chance...
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maybe so..
I didn't go but heard that it was very well run when compared to the other outdoor music festivals and people were optimistic about it's future..
who knows...
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07-10-2008, 09:39 AM
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#5 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by Bob Sakimano
maybe so..
I didn't go but heard that it was very well run when compared to the other outdoor music festivals and people were optimistic about it's future..
who knows...
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Yeah that's what I've heard...drove by it and looked like it was happening.
They were talking on Sunday in the papers up there about doing it again next year with two times the amount of people.
Now, after two deaths and these lawsuits I'd say it is all over.
The fact that there are more than one multi-million dollar suits tells me there is fire not just smoke. If that's the case, no more festival.
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Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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35-21
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07-10-2008, 09:40 AM
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#6 (permalink)
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#14 Goran Suton
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Somebody will run the site - foreclosure takes time - there will likley be a refinaincing - maybe themoney made will buy time.
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07-10-2008, 09:43 AM
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#7 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by Spartytruth
Somebody will run the site - foreclosure takes time - there will likley be a refinaincing - maybe themoney made will buy time.
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Are you on vacation?
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Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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35-21
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07-10-2008, 01:22 PM
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#8 (permalink)
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#1 Kalin Lucas
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Pretty good timing by the bank. Now that Double JJ has some money, time to hit 'em up for some of it.
I'm pretty sure that Rothbury is independent of this ranch though, so it's not as if Rothbury organizers couldn't find another site for the festival next summer.
Have they figured out how the two people died yet?
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07-10-2008, 01:25 PM
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#9 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by I shot Betty Crocker
Pretty good timing by the bank. Now that Double JJ has some money, time to hit 'em up for some of it.
I'm pretty sure that Rothbury is independent of this ranch though, so it's not as if Rothbury organizers couldn't find another site for the festival next summer.
Have they figured out how the two people died yet?
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No, it was created by the resort and some promoters. It might continue, but won't be anywhere in Rothbury from what I've heard from locals.
As for the people that died, all I've heard is that the autopsy results weren't released yet.
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Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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35-21
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07-10-2008, 01:28 PM
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#10 (permalink)
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#1 Kalin Lucas
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Quote:
Originally Posted by Brock F@%ing Sampson
No, it was created by the resort and some promoters. It might continue, but won't be anywhere in Rothbury from what I've heard from locals.
As for the people that died, all I've heard is that the autopsy results weren't released yet.
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That's too bad. Seems like they (the concert organizers) should've made plenty of money off of the festival, so it was a good idea at least. Given how successful things seemed to go, I'd be surprised if it didn't return in some form or another, even if the resort is under new ownership.
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07-10-2008, 01:29 PM
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#11 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by I shot Betty Crocker
That's too bad. Seems like they (the concert organizers) should've made plenty of money off of the festival, so it was a good idea at least. Given how successful things seemed to go, I'd be surprised if it didn't return in some form or another, even if the resort is under new ownership.
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It probably grossed over $8 million.
That's before booking costs, production riders, vendors, and technicians...
The banks aren't going to get any $$$
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Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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35-21
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07-10-2008, 01:55 PM
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#12 (permalink)
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Quote:
Originally Posted by Brock F@%ing Sampson
It probably grossed over $8 million.
That's before booking costs, production riders, vendors, and technicians...
The banks aren't going to get any $$$
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Exactly..something like this is not cheap to pull together...just look at what they'd have to pay the musicians alone.
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07-10-2008, 02:16 PM
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#13 (permalink)
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#21 Otis Wiley
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your thread title is misleading. What's new though this is the RCMB.
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07-10-2008, 02:22 PM
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#14 (permalink)
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#7 Brian Hoyer
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Even if the JJ is going down, whoever is promoting it can find another site. I think MI will see another festi next year of the same magnitude in another locale.
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Over billions of years, on a unique sphere, chance has painted a thin covering of life-- complex, improbable, wonderful and fragile.
Suddenly we humans (a recently arrived species no longer subject to the checks and balances inherent in nature) have grown in population, technology and intelligence to a position of terrible power: we now wield the paintbrush.
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07-10-2008, 02:22 PM
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#15 (permalink)
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2,500+ posts
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Quote:
Originally Posted by I shot Betty Crocker
Pretty good timing by the bank. Now that Double JJ has some money, time to hit 'em up for some of it.
I'm pretty sure that Rothbury is independent of this ranch though, so it's not as if Rothbury organizers couldn't find another site for the festival next summer.
Have they figured out how the two people died yet?
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One died from starvation when he forgot to eat while listening to an extended jam session  . The second took an errant hackysack to the larynx  . Total freak accident.
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07-10-2008, 02:25 PM
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#16 (permalink)
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Tom Izzo
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Rothbury got killed, that is no surprise. But I do think it could come back, likely not till '09 at least
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07-10-2008, 03:09 PM
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#17 (permalink)
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2,500+ posts
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Quote:
Originally Posted by takeownershiptoday
Rothbury got killed, that is no surprise. But I do think it could come back, likely not till '09 at least
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Quote:
Originally Posted by BBB
You realize that '09 is next summer, right?
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I agree though. No way in hell does another Rothbury happen until next summer at the earliest.
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07-10-2008, 03:11 PM
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#18 (permalink)
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Mark Dantonio
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I don't know if this will kill it or not. I'm sure they made a decent amount from the festival. Not a ton, but probably a respectable amount. I'm sure they can plea to the court they need time to pay these debts because the payout from future festivals has the potential to be huge. And with the right amount of interest, I'm sure the bank would be willing to wait if they know the ranch will get paid from an even bigger Rothbury over the coming years.
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07-10-2008, 03:34 PM
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#19 (permalink)
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Quote:
Originally Posted by Colonel Forbin
I don't know if this will kill it or not. I'm sure they made a decent amount from the festival. Not a ton, but probably a respectable amount. I'm sure they can plea to the court they need time to pay these debts because the payout from future festivals has the potential to be huge. And with the right amount of interest, I'm sure the bank would be willing to wait if they know the ranch will get paid from an even bigger Rothbury over the coming years.
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eggzactly
besides, even if the banks forclose they would have to sell the land to somebody
odds are whoever buys it would do so with the intention of using the festival to make money
just some scum bag trying to rain on the parade - whatelse is new around here
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Well...................we're waiting!
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07-10-2008, 04:31 PM
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#20 (permalink)
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 250+ posts
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Location: Kalamazoo
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I'm thinking it's very likely that there will be a Rothbury '09 at the Double J.
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The End is Fear
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07-10-2008, 04:37 PM
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#21 (permalink)
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Dan Enos
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The festival was one last shot at raising money to keep the wolf from the door.
If the owners don't pay off the musical acts they might not ever have to go to court because they will be dead long before the next bankruptcy hearing
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 : One National Championship, 4 trips to the Final Four, Seven Sweet Sixteens, 11 straight trips to NCAA Tournament, 4 Big Ten Championships. Yeah, we'll keep him.
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07-10-2008, 04:40 PM
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#22 (permalink)
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Mark Dantonio
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Quote:
Originally Posted by GRR Spartan
The festival was one last shot at raising money to keep the wolf from the door.
If the owners don't pay off the musical acts they might not ever have to go to court because they will be dead long before the next bankruptcy hearing
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Exactly.
__________________
Quote:
Originally Posted by Babies Need Tickets
"He stopped the joke, Jim! He stopped the joke when he shouldn't have!"
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35-21
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07-14-2008, 12:34 PM
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#23 (permalink)
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Mark Dantonio
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You are all incorrect. The double JJ money problems are no problem for $18bln. AEG Live. They knew this was coming long before they inked the festival deal. I know a VP from AEG Live. This is a non-issue. Lipsitz's issues are his. I would imagine a short sale... but you will have to think about who the buyer would be.
Double JJ is NOT responsible for paying the acts... Madison House and AEG are and they are ALL PAID.
Research AEG live then maybe read this:
Rothfest.com - The Rothbury Report - Double JJ Foreclosure/Fines/Etc. FEAR NOT!
Among the venues owned, managed and/or programmed by AEG and AEG Live are the following: - Southern California
- Anaheim Arena
Anaheim, CA
- Citizens Business Bank Arena
Ontario, CA
- Club NOKIA at L.A. Live
Los Angeles, CA
- El Rey Theatre
Los Angeles, CA
- NOKIA Theatre L.A. live
Los Angeles, CA
- The Home Depot Center
Carson, CA
- STAPLES Center
Los Angeles, CA
- Las Vegas
- Colosseum at Caesars Palace
Las Vegas, NV
- Echelon Place
Las Vegas, NV
- The Joint, Hard Rock Hotel & Casino
Las Vegas, NV
- Southwest
- NOKIA Theatre at Grand Prairie
Dallas, TX
- Palladium Ballroom
Dallas, TX
- Pizza Hut Park
Frisco, TX
- Warehouse Live
Houston, TX
- Rocky Mountains
- Bluebird Theater
Denver, CO
- Ogden Theatre
Denver, CO
- Pacific Northwest
- Midwest
- Crew Stadium
Columbus, OH
- Royal Oak Music Theatre
Detroit, MI
- Sprint Center
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