Michael Lang has found an outfit willing to front the money he needs to stage his 50th anniversary Woodstock festival. Oppenheim & Company is apparently providing enough to cover the up front expenses. The firm announced, "We believe in Woodstock as an important American cultural icon and look forward to its regeneration in the green fields of Watkins Glen this August with all of the artists on the remarkable lineup.”
The announcement comes just a couple of days after a New York judge ruled that the festival's previous backers could not cancel the event, but also said the firm was not obligated to return $18 million of its funding to Lang's organization. The ruling is just one hurdle Lang needs to clear. Permits are still pending and he has yet to confirm pricing and an on-sale date for tickets to the Watkins Glen based event. Earlier reports indicated that tickets to the three day event could be $450 and that no individual day ticketing option would be offered. Lang had reportedly planned to seek approval for up to 150,000 attendees, but the agencies involved in the review process are said to believe that a considerbly lower cap would be required for approval.