Fanpowered Concerts has lowered their crowdfunding goal to have the Red Hot Chili Peppers perform a concert in Victoria from $500,000 to $150,000. The campaign currently has $44,400 in pledges with about a month left.
Fanpowered Concerts’ explanation for lowering the fundraising goal is outlined in the campaign’s FAQ:
$500,000 is the total cost/budget of the concert. Only $250,000 is needed to confirm a Victoria date with the Red Hot Chili Peppers. This $250k would cover the deposit on the band, venue and advertising allowing us to put tickets on sale and determine a venue and a date. After being approached by an outside investor who will invest $100,000 into the concert, we only need $150,000 more to accomplish confirming a date.The other $250,000 needed to cover the other half of the concert expenses would be accomplished through ticket sales and and other outside investors.
Each $100 contribution is a ticket to the concert. If you would like to help bring the Red Hot Chili Peppers to Victoria, CLICK HERE.
The campaign deadline is 8am Saturday November 15, 2014.
