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SBD/April 19, 2011/Facilities
L.A. Seeks Long-Term Commitment From NFL Team To Approve Downtown Stadium
Published April 19, 2011
THE BIGGER, THE BETTER: The AP's Jacob Adelman noted AEG President & CEO Tim Leiweke has said that the company "may ask the city for a contract to manage the entire convention center site, which would bring some 100,000 contiguous acres of downtown Los Angeles, including the AEG-owned Staples Center indoor arena and the LA Live complex, under the company's management." L.A. Council member Jan Perry said that AEG's proposed convention center configuration was "preferable to the one envisioned by the 2001 deal that nestled the expansion within LA Live." But she added that the city "should not surrender rights to the parcel ahead of schedule unless AEG offers a commensurate tangible benefit in return as part of negotiations" (AP, 4/18).