LA Council Requests AEG Stadium Plan Financial Analysis

January 20, 2011

An L.A. City Council committee “moved to launch a formal working group and trigger an independent financial analysis to review AEG’s plans to construct” a downtown National Football League (NFL) stadium yesterday, 19 January.

AEG President & CEO Tim Leiweke was “well received in his first presentation” before the council’s committee on Trade, Commerce & Tourism. During the meeting, he said: “There are one or two teams ready to move… At least one team will come if we build it”

However, committee Chair Janice Hahn stated after the meeting that there is “reason to move on the massive project expeditiously.”