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SBD/October 10, 2013/Leagues and Governing Bodies
L.A. City Council Renews Request For NFL To Return To City With One Or Two Teams
Published October 10, 2013
READY TO GO: In L.A., Bill Dwyre writes as far as the NFL and L.A. go, "all is quiet on the Western front." AEG's Farmers Field stadium plan is "a quieter effort" since former AEG President & CEO Tim Leiweke left the company, as he was "effective, hard-charging, persuasive, but never quiet." AEG Chair Phil Anschutz "himself took over and is the opposite." However, "his quiet doesn't mean waning interest." Also still "on the front burner" is the Grand Crossing project in the City of Industry led by Majestic Realty Chair & CEO Ed Roski. Majestic VP John Semcken last week "in effect" said that the project, "having recently cleared some hurdles, is also now 'shovel-ready.'" Where the NFL "stands on any of this is unknown" (L.A. TIMES, 10/10).
CONVENTIONAL WISDOM: In L.A., Catherine Saillant reports the City Council yesterday agreed to pay AEG "up to $350,000 a year to operate the dated" L.A. Convention Center. The five-year contract "provides AEG an annual base fee of $175,000 with the potential to double that if it meets certain targets, such as raising revenues and bookings at the 1970s-era facility." The unanimous vote "culminated a nearly yearlong effort to find a private operator for the city-owned Convention Center and negotiate a contract that will benefit both the city and its new management team." Officials said that AEG's contract "will have no impact on a separate effort by AEG and the city to lure" an NFL team to L.A. (L.A. TIMES, 10/10).