Experts Say LA Is Making The Right Call When It Won’t Pay For New Stadiums

BusinessNow quoted Richard Green of the USC Lusk Center on the trend in Los Angeles to require private funding for new stadium projects.

“The stadium is a nice amenity but there’s too many things to do here,” University of Southern California Lusk Center for Real Estate Director Richard Green said. “LA doesn’t need it, so it’s not going to pony up any money for it.”

Privately financing stadiums has become the norm in Los Angeles, and experts say it is a model that should be followed by other sports team owners and cities across the nation.

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