from today's Bloomberg Businessweek (3/30):
Los Angeles Stadium Proposal Lacks Lakers-Like Bond Guarantee
March 30, 2011, 1:59 AM EDT
"March 30 (Bloomberg) -- Billionaire Philip Anschutz’s plan to build a football stadium and convention-center addition in downtown Los Angeles offers the city a financial guarantee that falls short of what he gave with Staples Center 13 years ago.
The Anschutz subsidiary behind the project is providing no letter of credit or additional guarantee for $350 million of municipal bonds related to the development, according to a Feb. 16 proposal, unlike the backing provided for Staples Center." ....
for the complete story
Meeting to start LA stadium environmental review
"Los Angeles officials are inviting members of the public to share their concerns and suggestions surrounding a proposed downtown NFL stadium.
The scoping meeting scheduled for Wednesday evening is a required step in the project's environmental review process." ...
for the complete story
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