AEG releases report on downtown LA stadium's economic potential
Anschutz Entertainment Group (AEG) continued its campaign to build an NFL stadium in downtown Los Angeles Wednesday by releasing a study that promotes its economic potential.
With the first L.A. City Council vote on a proposed NFL stadium just weeks away, a consulting firm AEG hired said the company’s proposal could generate $41 million a year in new tax revenue to the city, county, state and L.A. Unified School District. A second study said the proposal - including a new convention center hall - could attract 14 new conventions to Los Angeles each year.
“There are no losers in this effort, I think you can see," said the head of the Central City Association, Carol Schatz. "Our business community wins, residents win, workers win, it’s a must do.”
Skeptics of the proposed stadium next to Staples Center worry about hidden costs to the city, and its effects on surrounding neighborhoods.
City Council President Eric Garcetti has said he opposes spending city money on the project. He promised a full environmental review.
Majestic Realty also wants to build an NFL stadium in Industry Hills. Neither company has secured a deal with a pro football team to move to LA.