Thursday, January 20, 2011

One step closer: L.A getting support for stadium, will team follow?

Stadium Project Rendering/Gensler
((ht: latimes))

This may get interesting. A Los Angeles City Council committee meeting turned into a bit of a love fest for the AEG group and their plan to bring football back to L.A.

The group made their initial presentation and proposal to the committee, telling them what they plan to do and what they would need in order to make their ambitious stadium plan and acquisition of a team happen.

And apparently, the committee liked what they heard. AEG is promising to foot most of the bill for all of this and is claiming they'll create a ton of new jobs.

More from Lance Pugmire of the LATimes RIGHT HERE

There are still a ton of questions to be answered here. A lot of the costs for the $1 billion project is supposedly going to be paid back by ticket taxes. AEG is claiming they will be paying for shortfalls and other incidental costs. Quite frankly, don't believe that for a second.

It will also be interesting to see which team AEG president Tim Leiweke can actually convince to come play in his palace. We aren't saying he won't. There are plenty of teams out there who are struggling financially. And there are a handful who are having attendance problems. More than one of them are trying to bleed more money out of their financially strapped cities to help curb the fact that nobody wants to pay a kings ransom to see them play anymore (see: Bengals, Cincinnati).

We will continue following this story. While it may not be an issue in a strike shortened year such as the one we have to look forward to in late 2011, it will be as we move forward from there. We'll just have to wait and see who's going to be the first one's to say "Okay, I'm in".

The only video we could think of to fit. Madness--"One Step Beyond"!

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