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Goldenvoice Buys Coachella Festival Site

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Concert promoters Goldenvoice announced today that the company purchased 280 acres, which includes the site where the Coachella and Stagecoach music festivals are held.A release from the company noted that the purchase includes the Eldorado Polo Club, Triangle Bar Farms, Fish Creek and Ambassador Glen Holden's property. There were few other details about how much the land cost or what the company's plans were with the property.

Local website speculated that this could be an indication that Goldenvoice plans on moving its operations to Coachella Valley. It noted that Goldenvoice executive Skip Young bought a home in La Quinta, and Goldenvoice Paul Tollett said he also intends to buy a home in Coachella Valley.

Goldenvoice isn't commenting on how it plans to use its space right now, but we'll bring you more details as they become available.

Other reactions:
The San Diego Union Tribune guesses this move means the festivals aren't moving from Indio any time soon (and Indio voted this fall to keep the music festivals around for two years). It could also mean that there will be more Goldenvoice-sponsored events going on in Indio in the future.

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The Los Angeles Times noticed that Goldenvoice's announcement didn't mention anything about the property at the Empire Polo Club, where the stages at Coachella and Stagecoach sit.