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Stadium profit-sharing not feasible, L.A. council told

Jul 30, 2011 1:44:47 AM- latimes.com
Developer AEG can't afford to let the city have a portion of proceeds from the proposed football venue, analysts say. Three council skeptics say they're moving toward backing the financial plan.

Real estate developer Anschutz Entertainment Group cannot afford to share the proceeds of its proposed downtown football stadium because the financial return from the $1.2-billion project is too low, analysts told the Los Angeles City Council on Friday.

USA, California: (Latest Stories)