*Downtown stadium hearing under way

Our friend Alice Walton (aka City Maven), who is covering the City Council session, reports a packed house this morning as council members go through the proposed memorandum of understanding with AEG on the $1.2-billion project. Not surprisingly, Councilwoman Jan Perry called it a very strong deal. I'll have some updates, as events warrant, but I wouldn't expect too many surprises.

*Latest tweet:

@MagicJohnson speaks up in support of @FarmersField, before giving a shoutout to his "friend and business partner" AEG's Tim Leiweke.

More by Mark Lacter:
Frantic searches to set up shop in tony parts of L.A.
NFL star Bubba Smith found dead in L.A. home
Solar businesses not happy with DWP's revised incentive plan
Faye Dunaway's rent-stabilization problem
Scott Pelley in town to anchor CBS News
Recent Politics stories on LA Observed:
Balboa Island has to decide if it believes in global warming
Kumar vs Smith: the political power in a name
LAPD, Trutanich add more muscle around USC
Hollywood Reporter gets political
Morning Buzz: Wednesday 4.25.12

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