Asheville Citizen-Times: Moogfest and taxpayer money: What have we learned? (11 August 2015)

Much has been made of the announcement that Moogfest, an electronic music festival held in Asheville the past few years, is relocating to Durham. By all accounts Moogfest brought a lot of energy to Asheville and featured an amazing lineup of musicians.

But Moog Music, the parent company of the festival, lost a whopping $1.5 million on the 2014 version of the festival. As local musician Andrew Fletcher wrote in response to the festival leaving, Moogfest was “spending money like a college kid with a credit card.” After the Buncombe County Board of Commissioners unanimously denied a $250,000 grant request for the 2016 festival, the writing was on the wall.