The Los Angeles Memorial Coliseum Commission is expected to lose $297,000 for the fiscal year that ends in June, the result of canceling the Electric Daisy Carnival rave.
The producer of the rave, Insomniac Inc., moved the Electric Daisy Carnival to Las Vegas after reports in The Times that Insomniac was also paying money to an employee at the commission, events manager Todd DeStefano. His job with the commission was to help oversee security and emergency medical services at the Electric Daisy Carnival in 2010; a 15-year-old girl who attended the event died of an Ecstasy overdose.
A report submitted to commissioners this week said the Coliseum had anticipated more than $800,000 in profit from the Electric Daisy Carnival in 2011. The commission has also paid more than $135,000 in legal fees related to last year's rave.
"This fiscal year's results will obviously be much poorer than we would have liked," John Sandbrook, the Coliseum's interim general manager, told commissioners. Sandbrook was hired last month after the resignation of longtime general manager Patrick Lynch, who quit after The Times reported that he approved DeStefano's double employment.