Future uncertain for upstart Austin festivals after SOS cancellation, Levitation revamp

AUSTIN (KXAN) — Day two of weekend two of the Austin City Limits Festival wrapped up Saturday night with a performance by the Red Hot Chili Peppers, as tens of thousands of people once again packed into Zilker Park, pumping big bucks into Austin’s economy.
Last year’s ACL Fest brought more than $277 million into the city according to one analysis — $124 million from festival operations and $153 million spent in town by festival-goers.
While the central Texas festival