Krekorian Reacts to Potential Sale of AEG and New Stadium

The District 2 City Councilman released this statement below.

Councilmember Paul Krekorian, chairman of the city’s Budget and Finance Committee and one of the earliest skeptics of a proposed plan to build a new stadium in Downtown Los Angeles, released the following statement on the potential sale of AEG:

“Reports that Anschutz Entertainment Group (AEG) may be sold have validated my insistence that the city slow down the express train of stadium enthusiasm and require ironclad financial safety measures to protect taxpayers. At my urging, fortunately, those protections are now included in the proposal, and the City will not be left holding the bag regardless of any changes in AEG’s ownership or financial condition.

“I will continue to press aggressively, as I have throughout this process, to get real answers about the long-term consequences of this proposal in terms of traffic, air quality and many other environmental impacts, and to also ensure that the public has the greatest opportunity possible to consider the issues and weigh in. If those concerns are not adequately met, I will not support this project.”

Councilmember Paul Krekorian represents Los Angeles’ 2nd Council District, which includes much of the east San Fernando Valley. Check cd2.lacity.org for more info or follow him on Twitter andFacebook.


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