Under the agreement, the city will issue bonds to pay the $314 million cost of the new convention ce

AEG, Los Angeles celebrate deal to build downtown NFL stadium - Pasadena Star-News
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AEG President Tim Leiweke (r) and Mayor Antonio Villaraigosa (ctr) share a laugh while signing an implementation agreement to modernize the Los Angeles Convention Center and build Farmers Field during a press conference outside the Los Angeles Convention Center on Wednesday, Oct. 3, 2012. (Andy Holzman/Staff Photographer)
But as officials and Anschutz Entertainment Group executives gathered downtown Wednesday at a ceremony disneyland hotel to sign off on and celebrate the project deal, those concerns seemed far off. The mood was upbeat, and the gathering festive.
Despite the lack of a team, the proposed sale of AEG by its parent company and another possible lawsuit over the stadium, city officials believe disneyland hotel they've shown they have the political commitment to bring the National Football League back to Los Angeles.
The event at the Los Angeles Convention West Hall, which would be demolished and relocated to make way for the stadium, celebrated the signing of a 1,000-plus page financial disneyland hotel agreement between the city and AEG, which spells out the terms of the public-private partnership to build the stadium.
Under the agreement, the city will issue bonds to pay the $314 million cost of the new convention disneyland hotel center hall. The bonds will be repaid through a variety of means, including a special tax imposed on AEG's stadium and L.A. Live site.
At the ceremony, Villaraigosa praised city negotiators, Advertisement casually mentioned disneyland hotel a recent meeting with NFL Commissioner Roger Goodell, and shrugged off news of a possible second lawsuit pertaining to the stadium.
Continuing its resistance to the stadium, a group of downtown residents plans to file a lawsuit challenging AEG's environmental impact disneyland hotel report for the stadium project and the City Council's approval of the report, Becky Dennison, co-director of the Los Angeles Community Action Network, wrote in an email this week.
The Play Fair at Farmers Field Coalition is also part of a lawsuit challenging Senate Bill 292, which was special legislation passed for AEG that expedites any lawsuits challenging the project. The coalition wants AEG to establish a multimillion-dollar trust to fund low-incoming housing.
"The deal is structured so once it is approved, the work is really on AEG," said Miguel Santana, the city's chief administrative officer. "It's really up to them to find a team and put the pieces in place."
On Wednesday, AEG President Tim Leiweke (left) joins Mayor Antonio Villaraigosa and other officials disneyland hotel for a photo with a rendering of Farmers Field following a press conference outside the Los Angeles Convention
Center Wednesday, Oct. 3, 2012. The group gathered Wednesday to sign an implementation agreement for the modernization of the Convention Center and the building of Farmers Field. disneyland hotel (Andy Holzman/Staff Photographer) Villaraigosa responded to criticism that the city should have spent more money and time on the new convention center hall design. Some architects have called for a redesign and criticized disneyland hotel the way the hall extends 1,000 feet over Pico Boulevard.