News of the Arroyo
Title: | Move backs up plan to lure NFL |
Subtitle: | |
Date: | 2004-10-30 |
Summary: | October 30, 2004 - Los Angeles is sweetening the pot in its bid to win the NFL franchise for the Coliseum, offering redevelopment incentives. Can Pasadena continue to hold firm to its position about no public funds? |
Author: | Rick Orlov, Staff Wrtier |
Publication: | Pasadena Star News |
Content: | Hoping to lay the groundwork to offer incentives to the National Football League, the City Council on Friday approved plans to extend the life of a redevelopment area around the Los Angeles Memorial Coliseum. Councilman Bernard Parks, who represents the area around the Coliseum and has been leading the latest effort to try to win an NFL franchise, said he was pleased with the action. \"Our mission continues to gain yardage,\" Parks said. Under the action, the Hoover Redevelopment Project Area will have its life span expanded to allow it to issue bonds to make improvements to streets and roads in the area if needed to win a football team. The city action was needed to coordinate with a proposal from Assemblyman Mark Ridley-Thomas, D-Los Angeles, that requires tax increment funds generated from a football team to be used for public improvements. Parks said the city action was needed to make sure it is in effect by Jan. 1 to take advantage of the state law. Coliseum Commission officials are having ongoing talks with the NFL about the possibility of a return of professional football to the stadium. However, the league also is in discussions with officials from Pasadena, Carson and Anaheim. Rick Orlov, (213) 978-0390 rick.orlov@dailynews.com |
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