St. Pete Denies Rays' Ballpark Search Deal Levine: Yankee Stadium Can House MLS, MLB Sabres Impressed With HarborCenter Facility Braves Add Land For New Ballpark Parking Rice Univ. Upgrading Football Stadium Facility Notes DC United Finalizes New Stadium Approval Redskins Nix Chinese-Built Wi-Fi System Deal NASL Team Owner Discusses MLS Plans Vinik Unveils Building Plan Near Amalie Arena
CITY PANEL UNANIMOUSLY APPROVES L.A. ARENA PLAN
Published January 14, 1997
The L.A. City Council's Ad Hoc Committee on the L.A. Arena Proposal unanimously approved a taxpayer-assisted, privately owned and operated arena project for downtown L.A., according to Jean Merl of the L.A. TIMES. A City Council vote could come as early as Wednesday. The proposal calls for the city to spend $70.5M to provide land. City officials said they expect arena revenues, which include a ticket fee, to cover the taxpayers' cost of $6.8M a-year for 25 years (L.A. TIMES, 1/14).