After a disastrous 2004 when the entire tour was canceled due to sluggish ticket sales, Lollapalooza will return this summer as a one-off festival in Chicago's Grant Park. The event will be held July

After a disastrous 2004 when the entire tour was canceled due to sluggish ticket sales, Lollapalooza will return this summer as a one-off festival in Chicago's Grant Park. The event will be held July 23-24 and Billboard.com has learned that Beck, the Killers, Kings Of Leon and Widespread Panic are among the bands being eyed to appear.

The Lollapalooza Web site will re-launch on Friday (April 1), while the full lineup will be announced three weeks later. A spokesperson had no comment on specific acts that may perform.

Last year's festival was to be a two-day traveling affair featuring Morrissey, String Cheese Incident, Wilco, the Pixies, Flaming Lips and Sonic Youth, among others, but was pulled in late June, less than a month before its planned start date.

How bad were advance ticket sales? "The worst I've ever seen," one promoter who asked not to be identified told Billboard at the time. "I know a market in the Northeast doing two nights that [sold] 450 tickets for the second night and 1,100 for the first. Other counts were less than 1,000 for both nights."

The William Morris Agency and Jane's Addiction leader/Lollapalooza co-founder Perry Farrell are back on board with the 2005 edition and are joined this year by Capital Sports and Entertainment, which also books Texas' Austin City Limits festival.

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