Originally Posted by AG 47
Originally Posted by dmxfury
Very few (perhaps none), and with LA not needing a team along with Cali's financial woes there would be no reason to use public money. I know there are stadiums that cities regret. Cincy is one of them due to the structure of the deal
This was taken from Rueters in 2012:
AEG's construction proposal involves the issuance of $314.6 million in bonds, backed by taxes, lease agreements and other revenue sources. No direct public funding will be involved, council members said in approving the plan.
"This is about bringing jobs back to L.A., make no mistake," said Councilwoman Jan Perry, in whose district the stadium would be located.
The council's approval is expected to create fierce competition between AEG and Majestic Realty, which has won approval to build an NFL stadium in the City of Industry, miles from the downtown district.
If any City will set the precedent for building stadiums without public funding, it would be Los Angeles.
Also, keep in mind, that the City of LA isn't the only city in So Cal that could execute the stadium proposal. From what I understand, the City of Industry is more than in the hunt.
I live by the City of Industry. I have no problem with the stadium being built here, it's the people in Diamond Bar who are fighting it.
This is the worst. People don't realize how stupid they sound when they say this.