May 14, 2015

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Your Community Connection since 1994

Including Inglewood Airport Area • Baldwin Hills • Crenshaw/LA • Ladera Heights VOL. 24, No. 20

May 14, 2015

Obama Wants an End to Publicly-Funded Stadiums

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nglewood’s sports stadium may soon become the standard for how stadiums are financed. According to an article in USAToday.com, President Barack Obama is pushing for the end of tax-payer funded arenas. The proposal comes as many team owners are pressing cities and states for new facilities, with some threatening to move elsewhere if they don’t get them. State and local officials are wary of seeing pro teams depart, taking prestige and tax revenue with them. But they are

Inglewood Students Receive Bill Gates’ Scholarships

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dozen students from South Bay and Harbor Area high schools, including Inglewood, have been named Gates Millenium Scholars. The academic program, started by Microsoft founder and billionaire Bill Gates and wife Melinda, provides low-income students with scholarships to cover the cost of their undergraduate and graduate education.

Artist’s rendering of the proposed stadium in Inglewood.

President Obama

On The Inside: • News • Community • Entertainment • Health • Real Estate • Business

also taxpayer-minded and budget-conscious Obama has proposed in his new budget that the longstanding practice of states and cities using tax-exempt bonds to finance professional sports arenas be stopped. It costs the U.S. Treasury $146 million, according to a 2012 Bloomberg analysis.

Supporters say tax-exempt bonds are supposed to be for state and local infrastructure—not private business. But politicians and pro-growth business advocates say stadium construction creates jobs, promotes economic development and boosts ancillary retail businesses, such as restaurants,

which benefit from having a team in town. They say the teams generate income and sales tax revenue. For their part, team owners are more than happy to get the financial help. Although NFL owners have yet to give the green light for St. Louis Rams (Continued on page 9)

How the Internet Can Save Communities

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e know the story far too well: “My son won’t stop texting, and my daughter won’t stop using Facebook in class, why won’t these kids get off the Internet?” What if I told you that the device and thing your son or daughter loves so much could be the same device that makes them financially independent? (Continued on page 2)

By Thomas Bunn

COMING SOON THE BEST OF INGLEWOOD

Visit www.inglewoodtoday.com & see back cover ➤

Bill and Melinda Gates Inglewood scholars are Jose Cervantes (Inglewood High); Esteban Espinoza (Animo Leadership High); and Jesus Madrid (Animo Leadership High). Other South Bay recipients attend schools in Lawndale, Gardena, Wilmington, Carson, and Harbor City. They will be able to attend some of the most prestigious private and public schools in the country, including Ivy League universities, for up to 10 years. In addition to the financial support, the scholar program provides recipients with leadership development opportunities, mentoring, and academic and social support. Recipients are among 1,000 students across the country named 2015 Gates Millenni(Continued on page 2)


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May 14, 2015 by Inglewood Today News - Issuu