The iconic open-air Greek Theatre in Los Feliz's Griffith Park is the city's "highest revenue-producing non-golf concession" contract.
The current contract with Nederlander expires October 31, 2015, and word is that two groups are trying to win control of the Greek via a 10-year operations contract. According to the Daily News. Live Nation is the favorite of parks officials and is on track to get the contract, but Nederlander Corporation (which runs the Pantages and has been maintaining the Greek since 1975) and its new partner AEG Live (which is owned by AEG, the company that owns LA Live) have the support of the venue's neighbors, who are freaked out that a new company in charge would bring in more noise.
The LA Times reports that many homeowners seem concerned that "noise and other nuisances" would increase if management of the venue were to shift. Community group Friends of Griffith Park also supports Nederlander, saying it has been "a good neighbor" to the residents.