AEG's $1B Stadium, ‘Huge Plus for Downtown’

LOS ANGELES-Although still early in the process, the proposed Los Angeles Event Center, to be developed by AEG in Downtown Los Angeles is already getting nods of approval. Last week, the Central City Association of L.A. revealed that its officers voted to support the proposed $1-billion center. The vote followed the recommendation of support from CCA’s Housing & Land Use Committee. 

The event center would potentially be the home field for a National Football League franchise, in addition to hosting other sports, entertainment, special events and convention meetings. AEG’s proposed stadium would require $350 million to tear down the L.A. Convention Center’s West Hall to allow stadium construction to proceed.