SBD/14/Facilities Venues

CITY PANEL UNANIMOUSLY APPROVES L.A. ARENA PLAN

          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).

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