24 Downtown News
February 7, 2011
Twitter/DowntownNews
Football Continued from page 5 The pesky recession quashed it. Of course, the football project isn’t just to benefit L.A. (nor should it be). While the bars and restaurants of L.A. Live are packed on many game nights, AEG’s project is also frequently fairly empty, especially at lunch. A stadium that hosts two NFL teams (and that has to be the end play here, just like the new New Jersey stadium is home to both the Giants and the Jets) and helps the city attract huge conventions brings more customers for that development day and night. More conventions means more businesses and more hotel construction, which is why at the pep rally everyone took their two-minute turn at the podium to say something like, “This creates jobs and jobs are awesome!” There are three big questions right now. In descending order of importance, they are: Will the state legislature give the project the same protection from environmental lawsuits Roski’s stadium proposal received? AEG is lobbying for the pass, implying that what’s good for the Roski gander is good for the Farmers Insurance goose. No wait, the insurance
goose is the mascot for Aflac. Question two is, will the city really play hardball when it negotiates with AEG? Leiweke has nearly burst a vein with his vociferous promises that AEG will back the $350 million in bonds needed to raze and rebuild a new Convention Center West Hall. He’s virtually sworn on a stack of quarterly reports that the city’s general fund won’t be touched, much less torched, for the project. However, the devils are always in the 29,000 pages of details these agreements contain, and one wonders if any current council member will go to the mat to ensure that the city is protected. The biggest question is, will the Downtown stadium proposal satisfy the All Powerful Ruler of the Galaxy, the NFL? The league has slapped L.A. silly for 16 years, and in that time multiple teams have successfully used the threat of moving to Los Angeles as a bargaining chip to get new stadiums in their cities. Will the NFL give that up and go all in on the only city ever to lose two football teams in a single year? Actually, there’s one other question: If Uncle Tim succeeds and a squad arrives, who will play on Farmers Field? Probably not the L.A. Ducks or L.A. Geckos. Also likely out are the L.A. Blue Shields. Maybe the South Park Marketing Wizards. Contact Jon Regardie at regardie@downtownnews.com.
Downtown, it’s not just big business anymore!
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Apartment Amenities: ~ Refrigerator, Stove, Microwave & Dish washer (most units) ~ Central Air & Heating ~ Balconies (most units)
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