letmedance wrote:
The New Stadium being built by Private Investors in Los Angeles is going to cost over 5 billion and will receive huge tax breaks and incentives. The 5 billion can be easily invested in entertainment, A big wall with seats inside.
The Council also allowed some "concessions". The taxpayers will "donate" the funds to "prepare" the venue. That includes all the demo, ground clearing and management, utility and infrastructure upgrades and installs, and upgrading surrounding roads and freeway ramps. There will also be an increase of percentage of "box seats": subscription paid private seating areas for Corps to entertain various business associates. A massive tax writeoff. Oh, a couple will be set aside for Council purposes. The more things change ...