http://www.si.com/nfl/2015/01/12/la-stadium-development-rams
Report: L.A. stadium developers seek $100 million tax reimbursement
The developers who want to build a sports complex in a Los Angeles suburb want up to $100 million in reimbursements in local tax dollars in the first five years of operation, according to a review by the Associated Press.
The centerpiece of the complex would be an 80,000-seat domed NFL stadium, accompanying a 6,000-seat performance venue and retail, office, hotel and residential space next to the Hollywood Park site in Inglewood, California.
Christopher Meany, a senior executive with the Hollywood Park Land Co., says “there will be no public dollars, no taxpayer dollars, used for this project.”
Meany has said that the complex is in a perfect location due to its proximity to freeways, the Los Angeles International Airport and The Forum.
But Chicago-based sports finance consultant Marc Ganis called that theory “hyper-spin.”
“It’s not an outright lie … but there will be people who think it is,” Ganis said. “They might be prospective tax dollars, and it might make sense for Inglewood to contribute them to the project, but they are tax dollars.”
"Reality is that which, when you stop believing in it, doesn't go away. " Philip K. Dick
