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Posts Tagged “canaries in the coalmine”

canaries in the coalmine

San Diego Ticket Sales Sagging: A Sign Of Things To Come?

The San Diego Reader reports the probably not too surprising news that concert sales in the area have been soft, with George Michael's upcoming concert in particular being something of a bust—the show, which takes place at the Sports Arena on June 17, has reportedly only sold 4,000 tickets out of a possible 15,000. Tickets to upcoming shows by Sheryl Crow and Stone Temple Pilots are selling sluggishly as well. San Diego has been hit particularly hard by the housing bust, and the idea that people are cutting out ever-spiraling ticket prices from their budget isn't all that far-fetched. But don't think that a weak market will result in ticket prices—or the surcharges that mark up those prices by as much as 50%—coming down anytime soon! More »