Council could be left counting the cost of Love Luton Festival

Published on 05/07/2012 17:27

TOWN Hall chiefs could be left counting the cost of this weekend’s Love Luton Festival as it was reported that a shortfall of £290,000 could be incurred.

Luton Borough Council has said that no authority services will be affected by the loss and that it will be covered by a special ‘insurance fund’.

The authority already had to slash ticket prices in half last month after poor sales, and council chiefs have said that the reduced cost has seen a fresh surge in interest for the concerts which feature boyband The Wanted and X Factor star Olly Murs.

But Lutontoday understands that just over 1,400 tickets have been snapped up for Friday’s The Wanted gig with a little over 2,200 people splashing out on tickets for to see Olly Murs.

A full report into the cost of the festival will be produced after the weekend’s events.

Current costs are reportedly around £1.09m with an anticipated income and normal council contribution for the event being £800,000.

But that leaves a further deficit of £290,000.

More to follow

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Council could be left counting the cost of Love Luton Festival

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