There are two votes on Los Angeles's potential new football stadium this week. The first vote comes Monday, when the Los Angeles City Council's Ad Hoc Stadium Committee conducts what's expected to be its final meeting.
"Monday's meeting will be the culmination of nearly two years of work on a project that will create over 30,000 new jobs, allow the city to update our Convention Center and bring football back to Los Angeles while protecting used rv travel trailers washington state our taxpayers," said Perry, who happens to represent the downtown used rv travel trailers washington state area where the stadium would be built.
Under the deal, the city would issue bonds to raise money for Anschutz Entertainment used rv travel trailers washington state Group to tear down the West Hall of the convention center next to Staples Center (which AEG also owns). AEG would rebuild a bigger and better convention wing next door, construct a 76,000-seat stadium on the site of the old West Hall and repay the bonds with special tax revenue from the area and lease payments. Its more complicated, but that's it in a nutshell.
Of course AEG threw a hitch in the whole proposal when owner Phil Anschutz announced he was selling the company. Mayor Antonio Villaraigosa, who apparently was the only person at City Hall who knew Anschutz was going to sell, said the reclusive Denver billionaire promised him that he would find a buyer who'll agree to the same terms .
You can be sure the Ad Hoc Committee will ask about that when AEG President used rv travel trailers washington state Tim Leiweke, the man who has driven this deal all along, used rv travel trailers washington state testifies Monday. The meeting is at 9 a.m. in City Council chambers. Here's the agenda.
With the promise of thousands of temporary construction and permanent stadium jobs, council members have been enthusiastic about AEG's plan. They are hoping the upgraded convention center and stadium will attract more big conventions to L.A. and as many as seven new downtown hotels.
Stadium critics say the city has failed to force AEG to adequately address traffic and pollution issues. They're also concerned about the project running up rents in the area and driving out affordable housing. They've gone to court to slow down the approval process.
The company has been pushing the city to approve the deal by the end of the month. That would give it time to settle any legal challenges by February under special state legislation that expedites lawsuits against used rv travel trailers washington state the stadium.
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