Canceled Music Festivals in St Louis Leads to Termination of ICM Contract

ST. LOUIS (AP) — St. Louis has officially canceled its contract for major music festivals that never got off the ground.

Aldermen last year agreed to a 10-year contract with Los Angeles-based ICM Partners, giving the company exclusive access to the Gateway Mall over the Memorial Day and Labor Day weekends. ICM had planned “Summer Rocks,” a country music festival over Memorial Day weekend and Labor Day weekend rock festival.

But ICM failed to produce a concert for either weekend. Mary Ellen Ponder, chief of staff for Mayor Francis Slay, said in a statement to the St. Louis Post-Dispatch http://bit.ly/1XlLpPu on Friday that the company paid the city $50,000 for failing to live up to the agreement.