SouthLA

Just Another Day In SouthLA

AEG Gets Stadium When LA Gets More Conventions

Some convention experts and Los Angeles tourism officials are optimistic that AEG’s plan to move a wing of the Convention Center to create room for the stadium would make Los Angeles more attractive to event planners. But others said the project would have to overcome a number of substantial hurdles.

It remains unclear whether the stadium proposal would be profitable without a big increase in convention business. Citing pending City Hall negotiations, AEG personnel declined to discuss it with The Times.

As city officials begin weighing the fine points of the $1.35-billion proposal, attention is focusing on three interlocking elements: AEG’s upbeat assumption about its ability to attract major new convention business; whether the project can trigger construction of thousands of close-by convention hotel rooms; and the financial backup to AEG’s pledge that taxpayers will not be on the hook if the whole plan goes bad.

More Conventions = NFL Stadium

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This entry was posted on March 17, 2011 by in Community, Downtown and tagged , .
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