Loading...
NFL

Downtown Stadium Deal With L.A. Could Take One Year (at Least), Says City Hall Legislative Guru Gerry Miller

Comments (0)

By

Mon, Apr 18, 2011 at 2:56 PM

click to enlarge Are you ready for some ... waiting? - NFL
  • NFL
  • Are you ready for some ... waiting?
This winter the downtown stadium plan was plowing ahead like Republicans at a tax-break buffet. Well, so much for the fast track. This is, as you're well aware, the most-business-friendly city in the world (we kid).

And well, L.A.'s chief legislative analyst, Gerry F. Miller, says in a recent memo (PDF) to the city's stadium committee that approvals for the NFL venue could take a year.

On top of that ...

... the NFL is in a contract standoff with its players. And, it seems, no deal will be done to get a team to L.A. unless the players' contract is resolved first.

click to enlarge A vision of a downtown NFL stadium. - AEG
  • AEG
  • A vision of a downtown NFL stadium.

Leaders at Anschutz Entertainment Group (AEG), the company that owns Staples Center and wants to build a stadium on city land next door, have pretty much said this thing ain't happening without a team.

So what do we have here? At least a year's worth of waiting, seems to us.

Miller says "definitive agreements" between the city and developers would take "will be

completed concurrently with completion of the EIR and forwarded to your Committee and the Council for consideration, approximately 12 months from now."

He also writes that debt service on city bonds that would allow AEG to tear down and redevelop the L.A.-owned Convention Center West Hall as a stadium and convention space would run $25 million a year.

While AEG has stated it will cover that amount and not a penny of taxpayer money would go to the development, Miller recommended that ...

... any tax revenues used to support bonds issued to construct Pico Hall shall be from demonstrated net new tax revenues generated by the development and shall not come from existing General Fund revenues.

You know, just in case.

He's also recommending that the city force AEG to perform an environmental impact review, even though the company was rumored to be seeking an exemption to some EIR requirements.

The company has stated its EIR process has begun.

[Spotted at City Maven].

Related Content

Now Trending

  • Sexual Predator Is Targeting Females in Eastside Park

    A sexual predator is on the loose in an Eastside park, police warned today. Cops say the creep has targeted "lone females" walking in Ernest E. Debs Regional Park three times between January and July. He has groped, exposed himself and even attacked with a knife, the Los Angeles Police...
  • Foster the People's Downtown L.A. Mural Is Coming Down

    The controversial Foster the People mural downtown is coming down, the office of L.A. Mayor Eric Garcetti announced today. Despite claims by the pop band that it had necessary permits and that the artwork was legitimately produced, the mayor's office states what we reported previously: The piece is on a...
  • U.S. Reps Call For Federal Intervention in Dodger TV Blackout

    A group of local U.S. representatives wants the Federal Communications Commission to help end Time Warner Cable's blackout of Dodger games for competing cable and satellite providers. Negotiations to bring the team's games to AT&T U-verse, Charter Communications, Cox Communications, DirecTV, Dish Network, Mediacom, Suddenlink Communications and Verizon FIOS have gotten...
    2
Los Angeles Concert Tickets

Slideshows

  • Street League Skateboarding Super Crown World Championship
    On Sunday, Street League Skateboarding touched down in the Galen Center at USC as part of a four-stop tour for SLS's Super Crown World Championship. The L.A. stop determined the roster for Super Crown, airing August 24th on FOX Sports 1. The final eight are Nyjah Huston, Luan Oliveira, Torey Pudwill, Shane O'Neill, Paul Rodriguez, Chaz Ortiz, Matt Berger and Ishod Wair. All photos by Nanette Gonzales.
  • Comic-Con's "Celebrity" Autograph Area
    A sometimes overlooked (but still incredibly unique) aspect of San Diego Comic-Con are the celebs available to sign autographs, as well as the autograph seekers themselves. If you've ever wanted to meet the Soup Nazi from Seinfeld or the guy who played Michelangelo in the original Teenage Mutant Ninja Turtles, chances are, as you wander the Autograph Area, you'll be able to connect with someone you didn't even realize you were waiting your whole life to meet! All photos by Rob Inderrieden.
  • Real Madrid Soccer Practice at UCLA
    Fans came out to greet world champion soccer team Real Madrid as they practice at UCLA. This is the first time that soccer star Cristiano Ronaldo has practiced with the team this year. All photos by Jeff Cowan.