REIMBURSEMENTS: If annual city revenue from property, ticket and other taxes from the development exceeds $25 million, then the developers are entitled to receive reimbursements for new roads, sewers,Wholesale Jerseys Cheap, parks and other "public" infrastructure. The amount shall include design and construction costs, "hard costs and soft costs, direct and indirect costs, and construction financing costs including, without limitation, fees,Cheap Jerseys For Wholesale, costs,Wholesale NFL Jerseys USA, and interest."
WHERE: The project is located in the city of Inglewood,NFL Jerseys Wholesale, roughly 10 miles from downtown Los Angeles, on a 298-acre site that was once home to a horse track, Hollywood Park.
LOS ANGELES (AP) — Highlights of the proposal to build a domed stadium that could become home for an NFL team as part of a new development:
PUBLIC SAFETY COSTS: For event days, reimbursements can also be sought for costs of police, emergency medical crews,Wholesale Jerseys China, operating public shuttles from off-site parking lots and "other expenditures of a public nature."
NEW REVENUE: Developers estimate that when completed, the sprawling project will generate $44 million a year in city tax revenues, or more than $1 billion over 25 years.
WHAT: An 80,000-seat stadium, with a separate 6,000-seat performance venue and parking, as part of a development of 2,Cheap NFL Jerseys China,500 residences, office space, shops, a 300-room hotel and 25 acres of parks and playgrounds.
WHO: The Kroenke Group, controlled by St. Louis Rams owner Stan Kroenke, and Stockbridge Capital Group.