Aeg Makes Formal Pitch to Committee Plan: Developer Lays Out Proposal for Stadium Project to Mayor's Panel, Stressing Public Funds Won't Be Used.

Summary

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Developers of a planned downtown football stadium and events center submitted their first formal proposal to Mayor Antonio Villaraigosa's NFL Blue Ribbon Commission on Thursday, repeating their promise not to spend any tax dollars on the $1 billion project.

Under the Anschutz Entertainment Group plan, the West Hall of the Convention Center would be razed to make room for a stadium with a retractable roof capable of seating 64,000-78,000 people. A new West Hall would be built on a different section of Convention Center property, and the parking lot would be expanded.

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Extract

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Aeg Makes Formal Pitch to Committee Plan: Developer Lays Out Proposal for Stadium Project to Mayor's Panel, Stressing Public Funds Won't Be Used.

AEG and its president, Tim Leiweke, made a convincing first impression, according to Deputy Mayor Austin Beutner, who co-chairs the 10-person commission along with Sony Pictures Entertainment Chairman and CEO Michael Lynton....

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