Denver, Colorado Skyline

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The city of Denver has talked it over, plans have been made, and contracts have been signed. It's gonna be the latest festival destination -- thanks to an inked deal with Superfly, the folks who put on Bonnaroo and Outside Lands.

South Denver locals were uneasy with the idea at first, but according to reports by the Denver Post, a compromise has been reached.

Superfly gets control of Overland Park Golf Course for five weeks after Labor Day so it can set up, host, and tear down the event. In exchange, the company pays Denver $200,000, plus the city nabs a 10 percent seat tax, $2 a ticket for a golf fund, and $1 a ticket for a community fund. Promoters say the city can expect five to six figures in revenue.

Full capacity of the festival is 70,000. Read the full story via the Denver Post.