This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Summer Concert Isn't Learning Fast Enough

PORTLAND, Ore. (TheStreet) -- In the summer of 2010, with the nation still fumbling around for pocket change after being mugged by the recession, The New York Times decided to hit the summer concert circuit.

While visiting the amphitheaters of the New York metropolitan area, it found Maroon 5 and Warped Tour tickets discounted to $10 by lack of demand. It saw Goo Goo Dolls fans who paid $10 to see the show fork over $11 to $13 just for a beer. In that moment, with artists abandoning a Lilith Fair revival tour and fans wondering why they paid parking fees and full ticket prices to sit on a lawn, that should have been it. That should have been the moment that the amphitheater circuit began its steep decline and the dream of the great outdoor suburban concert died.

It didn't, but it didn't exactly keep its nostalgia tour and mall-teen concert fest lineup, either.

While wonderful, pre-World War II amphitheaters such as The Hollywood Bowl, Red Rocks and Ravinia and Tanglewood still dot the landscape and recall a time the summer concert season gave even the performers a little getaway from the city, the summer concert "sheds" as America knows them owe much of their existence to one man: New York metro area planner Robert Moses. After creating Jones Beach State Park on Long Island to help showcase his newly built Meadowbrook, Ocean and Wantagh parkways, Moses designed the Jones Beach Marine Theater as a means of bringing more visitors to the area.

Each summer, the theater staged musicals and band leader Guy Lombardo and his orchestra would play along. Though concerts wouldn't be held there until the early 1990s, it set the template for other, similar venues that began with a focus on the fine arts but later yielded to broader tastes. The Garden State Arts Center, now known as the PNC Bank Arts Center, took a similar turn in the early 1990s when it kicked out classical music for the bigger moneymakers. While occasionally a venue such as the Gorge Amphitheater along the Columbia River in George, Wash., would try something a bit more inspired, the standard became the utilitarian shed-and-lawn combination that marks outdoor venues from Jiffy Lube Live in Bristow, Va., to the MIDFlorida Credit Union Amphitheater (formerly the 1-800-ASK-GARY Amphitheater) in Tampa.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,121.67 +14.97 0.09%
S&P 500 1,999.90 -0.12 -0.01%
NASDAQ 4,570.9620 +0.3250 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs