Perry Farrell says he's excited about a lot of things happening at this year's Lollapalooza '07 festival (Aug. 3-5 in Chicago) -- from the ecologically friendly greening of the festival to, well, fina

Perry Farrell says he's excited about a lot of things happening at this year's Lollapalooza '07 festival (Aug. 3-5 in Chicago) -- from the ecologically friendly greening of the festival to, well, finally seeing some green from it.

"It's a three-year investment in this," Farrell told reporters yesterday (July 18). "Up 'til now it's been an investment. This year we're doing really well. I think we're finally gonna see the black."

An expected 200,000 attendees, meanwhile, will see a festival that Farrell said "continues to evolve." The Grant Park site has been adjusted a bit, particularly stage locations. A Green Street section will include recycling areas and also display "ways people can be themselves, changing their life habits just a little bit" to help with environmental conservation. And the Mindfield will expand its offerings, particularly in updating Lollapaloozers with blasts to their mobile devices.

And, Farrell reminded the press, Lollapalooza is "first and foremost a music festival," and he's ready for a full weekend with 130 acts slated for the nine stages. "We're going to have generations there," Farrell noted, specifying Iggy Pop & the Stooges and Patti Smith, who he called "the female counterpart to Iggy Pop." He explained that Smith's performance will provide context for the likes of Amy Winehouse and Karen O of the Yeah Yeah Yeahs. "I think when all these women get together it will be ... fantastic and magical."

Farrell says he's also looking forward to hosting Kings Of Leon, who were on the 2003 Lollapalooza tour and spent in his dressing room "looking for young girls who were back there and chatting them up." My Morning Jacket plans to perform with the Chicago Youth Symphony Orchestra, according to Farrell, and he expects Daft Punk's light show "to add to that (Chicago) skyline and leave an indelible mark on the city."

As for festival closer Pearl Jam, Farrell says he suspects a bit of nostalgia was at work in the Seattle group's decision to make Lollapalooza '07 their only North American concert of the year, hearkening back to Pearl Jam's inclusion as a just-breaking band on the 1992 edition of the tour.

At some European festivals Farrell's Satellite Party played with Pearl Jam this year, he said that he and Eddie Vedder "were reminiscing about back in the day and how excited he was to come in and play at Lollapalooza. I think there was a sentimental reason why they would play the show."