The desert landscape surrounding Palm Springs, Calif., has gotten a big boost in recent years from The Coachella Valley Music and Arts Festival, which due to COVID-19 is cancelled for 2021. The region is also a big LGBTQ haven.
Now, the Coachella Valley has emerged as an investment opportunity for one Louie Comella. He’s the head of a media company that’s buying radio properties in the market due east of L.A.