Tim Leiweke, president of AEG, will discuss the proposed football stadium in downtown Los Angeles at the Sherman Oaks Homeowners Association Community Meeting on Wednesday evening, August 17, starting at 7:15 p.m. The meeting will take place at Notre Dame High School located at 13645 Riverside Dr. in Sherman Oaks.
AEG’s proposal is to spend $1.35 billion on an NFL football stadium and the L.A. Convention Center. AEG owns the STAPLES Center, L.A. LIVE, The Ritz Carlton and JW Marriott Hotels in downtown Los Angeles as well as the Kings Hockey team and a portion of the Los Angeles Lakers.
Richard H. Close, president of the Association, explained that the stadium could be a critical benefit or problem for Los Angeles.
“Will the stadium really ‘not cost the City taxpayers a dime’? Will there be traffic gridlock when football games are being played, especially for Monday Night Football? The public can understand the benefits of having the stadium, expansion of the Convention Center and having an NFL team. The question is what the potential problems are and have they been adequately mitigated?” Close stated.
The general public has been invited to this free community meeting.