Alan Gerry's Woodstock Notion

The cable billionaire wants to bring music back to Yasgur's farm. But forget the sex and drugs

The last thing Alan Gerry needs is a risky new business venture. Gerry amassed one of America's largest fortunes by pioneering cable TV back in the '50s. Working entirely from his hometown of tiny Liberty, N.Y., he built Cablevision Industries Corp. into a colossus and sold it to Time Warner Inc. for $2.7 billion in 1996. But now, at age 70, this buttoned-down billionaire has embarked on an improbable second career as the owner of hallowed hippie ground: the grassy hill where the Woodstock rock festival was held in 1969. Gerry believes he can transform the 2,000 acres of woods and farmland into a music-themed tourist attraction.

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