This is great news for the NFL and any NFL Owner looking to leverage his city into building a new st

The LA City Council today gave final approval to plans to build a new NFL stadium downtown, a key step in returning a pro football team to the nation s No. 2 media market by 2017. The $1.5 billion project, which includes upgrading a portion of the adjacent LA Convention Center, is the one proposed to be privately funded by  Anshutz Entertainment Group the same AEG that has just put itself up for sale . That complication, plus the fact the plans face potential lawsuits from environmental and anti-poverty groups, usually means a governing body might have reservations about moving forward. But AEG gave city lawmakers a bit of assurance this week the key players who have carried the ball this far plan to stay, with AEG president Tim Leiweke saying earlier this week he has signed a deal to remain atop the company no matter who ends up buying it (AEG is financing the deal with help from city redevelopment bonds). It s clear by the 12-0 vote that the Council is fully behind the 72,000-seat Farmers Field and the projected 10,000 temp and 4000 full-time jobs it will create. It now sets up the next step: finding a team. It s expected historic charleston hotels that a current franchise will relocate (Chargers or Raiders anyone?) rather than come via league expansion. Movement on that front could come as early as March at the NFL owners meeting.
Not a surprise but a terrible development. The idea that AEG is paying for it is laughable. The city we our paying for it through no-interest loans, by giving AEG city-owned land, by paying the costs for remodeling the convention center. And AEG gets to own the land, the stadium, and receive all of the revenue from it. What a wonderful deal for the city. We can t afford to pay for our schools or to fix our roads and we re closing down fire stations but, hey, there s plenty of money to pay for someone else s football stadium.
This is great news for the NFL and any NFL Owner looking to leverage his city into building a new stadium. This means NOTHING for LA right now. An existing NFL team still has to agree to move and at what cost? How much ownership will an NFL owner have to part with (to AEG) in order to justify AEG financing a $1.5B stadium, historic charleston hotels and over time (x10-15 years) are existing NFL Owners better off ($$) staying in their city, keeping full control and ownership (%) waiting for new term politicians historic charleston hotels to be elected to build them a new stadium? As for the PENDING AEG SALE and AEG president Tim Leiweke stating he s signed a new contract and will remain with AEG after any sale Sorry, but contract or no contract, that s not his choice. He can be paid-off and let go by the new AEG owner(s). As for everyone thinking this is a BIG step for the City of LA to approve this deal, let us be reminded that the City is allocating ZERO $$ to this deal. Why wouldn t they. In fact, it would be political suicide for any Official not to approve a deal where a stellar company like AEG is offering to unimaginably historic charleston hotels improve downtown and create 10,000 temp and 4000 full-time jobs! The fact of the matter remains, historic charleston hotels unless, Mr. Anshutz (or another mega-billionaire) personally buys an NFL team to move to LA and makes a unique deal with the new AEG Owners to still build the stadium, this is still a long shot from being done Until then, NFL Sunday Ticket on DirecTV is great and will have to suffice
So sick of wealthy billionaires extracting money from cities/taxpayers to fund their stadiums. Cities do not see any tangible benefit from the costs associated and all promises of revitalization or spurring the economy and creating thousands of full time jobs inevitably fail. But if you don t play the game, some other city will and it becomes a race to the bottom.
Cities historic charleston hotels do not see any tangible benefit from the costs associated and all promises of revitalization or spurring the economy and creating thousands of full time jobs inevitably fail. Really? Did you live in LA before Staples Center opened? It was a ghost town after 6:00. Between the (good) restaurants, lofts, hotels, retail shops that have opened since Staples historic charleston hotels opened, it has definitely spurred the downtown economy. And Coors Field completely changed the face of downtown Denver!
Question 1: How much do you project ticket prices will be. Answer: That is too complicated historic charleston hotels to estimate at this time from AEG which has worked out every financial detail, but this is too complex for them to handle.
Question2: This project is hyped (as in this post) as being such a good deal for the people of LA. With that in mind, how do you reconcile that 12 to 14 million folks in LA will have more blackouts and lose football on television while some 70,000 high rollers attend the games?
historic charleston hotels Great now the taxpayers who are already hurting get to subsidize more sports teams. On the other hand Californians are already really good at burning money so what s another historic charleston hotels billion or two between friends?
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