Not much doubt on this one - city and AEG officials offered all kinds of assurances that the possible sale of AEG would not impact the company's commitment to build the stadium and revamp the convention hall. As part of the agreement, the city will issue around $300 million in bonds - money that would be repaid through the revenue generated from the facilities. "We have a deal in place that will accomplish our goals." said Councilwoman Jan Perry, who has been pushing this deal through for months. Full council will vote on Friday - not much doubt on that one either. From the LAT:
Faced with questions from council members nervous about entering into a contract with a company that's up for sale, Anschutz Entertainment Group President Tim Leiweke said he and his management team have signed new "long-term contracts" to keep working at AEG. He said it was better that city officials knew about the potential sale before voting later this week on the company's proposal. Leiweke also said a new owner will help the company secure an NFL football team.
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Council members at large (photo)
Greuel and others pitch Clinton for president (video)
Exit interview with Port of L.A.'s executive director
Garcetti on changing city hall culture