Sure enough - I just got off the phone with my lawyer and my insurance agent and the plug has been pulled on the NJ DEEP '03 Summer Dance Music Festival not only from the NJ municipalities but our insurance carrier will not underwrite the $1 million dollar general liability insurance that we required to do this in the first place on account of this "RAVE Act". They were already charging us an astronomical fee just for that weekend event (for what - people wanting to have a good time??) I made it a point - I even had to bring some of OUR music to the meetings to convince these people it was about Peace & Love. They were digging the whole concept... until now.
We are certain this is a direct result of the passing through Congress of this RAVE Act (H.R. 718) and Illicit Drugs Anti-Proliferation Act (S. 226). Now it's up to President Bush to sign it - and I'm sure he will.
There were already some indications about this problem because our agreement with the 2 possible locations for the event (Seaside Heights or Asbury Park) were provisioning the agreement based on Insurance / Asbury Park required $5 million worth of coverage. Plus additional fees to pay for public services like police, sanitation and other odd things - but we were ready.
Anyway... all the work I have been doing in the background, money already spent, sponsors already lined up, and most importantly - the artists & DJs who were eagerly willing to give up their time to come out and perform. Wasted.
Well, hopefully we can figure something out.
We are still going to pursue trying to hold the event at a private location but for now - It's a SAD F*CKING DAY FOR DANCE MUSIC!
I'll keep you posted. Sh*t!!!!!
[ April 11, 2003, 09:12 PM: Message edited by: Raven Fox ]