Anschutz’s AEG Cuts Bond Request for Los Angeles Stadium Project
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AEG Worldwide, responding to Los Angeles officials, cut the amount of municipal bonds it wants the city to issue to build a convention center addition and make way for a proposed $1 billion football stadium.
AEG, the Los Angeles-based owner of the Staples Center arena, will ask the city to issue bonds in “the high $200 millions” instead of the $350 million first sought, Chief Executive Officer Tim Leiweke said at a town hall meeting yesterday. AEG would pay for and control two adjacent parking garages it previously wanted the city to finance.