Dave Rice 11:29 a.m., March 30
Magazine Shows Stresses in L.A. Stadium Proposals
Investigative reporter Connie Bruck has a long piece in the Jan. 16 New Yorker magazine profiling Phil Anschutz *(pictured), owner of Anschutz Entertainment Group (AEG), and Phil Leiweke, president.
Most of the article does not deal with AEG's plan for a pro football stadium in downtown Los Angeles, but there are some nuggets. AEG was "not only trying to get a share of a team at a discount, but...wanted a landlord-tenant relationship that, in its control of revenues, amounted to a kind of asset-stripping," writes Bruck.
She quotes an executive vice president of the National Football League saying, "It's unlikely the league or a team would approve this proposal." But the exec vice president presented a proposal that he thought might work, and believes both sides may be working on it. Generally, media other than the New Yorker have been saying lately that the downtown LA stadium proposal is in trouble, and so is the Roski proposal in the City of Industry.
More like this:
- L.A. NFL stadium rivals sink big cash into Brown bid — Dec. 9, 2013
- Will Chargers leave for LA? Which newspaper d'ya read? — March 17, 2013
- Anschutz still wants foot in door — Jan. 20, 2013
- Startling Naming Rights Deal May Boost Downtown LA Stadium — Feb. 1, 2011
- Los Angeles to Fast-Track Downtown Stadium — Jan. 20, 2011