LOS ANGELES (AP) — AEG chief executive Tim Leiweke has made his first official sales pitch to City Council members for the NFL stadium the company wants to build in downtown Los Angeles.
Leiweke vowed at a council committee hearing Wednesday that the company would pick up the entire expected $1 billion tab for the planned 64,000-seat venue.
Leiweke says AEG is willing to start building once its permits are in place, even if it has no firm commitment from a team and the NFL’s blessing.
The company behind a rival NFL stadium proposal east of Los Angeles in the city of Industry have permission to start work on their venue but have said they won’t break ground until they have a team in place.
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