The festival will own 530 acres in Tennessee
Organisers of US festival Bonnaroo are wrapping up a deal to purchase the site on which the festival takes place.
The 530 acres that house the festival will be owned by the festival, the largest in the US, who will have additional 300 acres as a long-term lease.
Festival organisers plan to build a permanent infrastructure at the site, including power, water and bathrooms. They also plan to have a permanent stage on site.
The sixth Bonnaroo festival takes place June 14-17. Acts are expected to be revealed at the end of this month.
–By our New York staff.