Without Taxpayer Protections, Downtown LA Stadium Proposal Will Fleece Taxpayers
During the best of economic times, taxpayers need to be on their guard against special interests who are looking to make big bucks by putting their hands on your tax dollars. Of course, during especially difficult financial periods, like the recession in which we find ourselves today, we all need to be incredibly diligent to guard against this sort of thing — and we expect our politicians to be looking out for us.
That said, I have to once again raise the red cautionary flag for the taxpayers of Los Angeles County, who may have read with some interest that two business titans of the city — AEG Executive Tim Leiweke and Wasserman Media Group founder Casey Wasserman — are actively considering trying to build a pro-football stadium right in downtown Los Angeles (they want to nuke a big chunk of the Convention Center to do it).
The reason why this should worry Los Angelinos? These are the same folks who built the Staples Center and the LA Live! mall that received millions in taxpayer subsidies and continues to get special consideration on taxes… Read More