Coachella Valley Music and Arts Festival and Stagecoach Festival will remain in Indio, CA for the foreseeable future as Goldenvoice has signed a new lease with the Empire Polo Club, extending through 2050. Coachella has been held at Empire Polo Club since its inaugural event in 1999, while Stagecoach has remained a staple in Indio since 2007.

This new finalized lease follows an agreement the two parties reached with the Indio City Council earlier this year. In accordance with the new agreement, Goldenvoice will now manage the Empire Polo Club, both the festival site and polo fields, year-round. Furthermore, Goldenvoice will be allowed to host two additional events per year, bringing the total to five including both weekends of Coachella and one for Stagecoach.

Related: Coachella, Stagecoach Festivals Remove Vaccine Requirement

“We are pleased to continue our long-term relationship with Paul Tollett and Goldenvoice,” said Empire Polo Club owner Alexander Haagen III in a statement to Billboard. “The new long-term lease will assure that the iconic Coachella and Stagecoach Music Festivals will continue for many years to come and allow Goldenvoice to expand their vast catalog of musical acts on both of Empire’s properties. We wish the very best to AEG, Goldenvoice, and Paul Tollett with their future plans.”

“Goldenvoice has had a unique relationship with Empire Polo Club for over twenty-five years,” added Tollett. “It is a privilege to now take over the operations of the venue and we look forward to continuing to build upon the special history that has been established there. It’s immeasurable how much we’ve learned from Al Haagen.”

Following a two-year absence, Coachella will return to Indio, CA for two consecutive weekends on April 15th–17th and April 22nd–24th, with headliners Travis Scott, Swedish House Mafia, and Rage Against The Machine. Head here for additional ticket and festival information.

[H/T Billboard]