*At last, a little sanity at City Hall

Councilman Paul Krekorian wonders what the rush is all about in approving a downtown stadium plan, especially in the middle of the city's massive budget crisis. From the LAT:

"I'm extremely uncomfortable with the idea of having the city set aside its other important priorities in order to go to extraordinary lengths to lay the groundwork for a stadium plan that none of us have seen," Krekorian said. "I don't think we should spend any time being distracted or diverted from the most important issue of our day, which is the budget crisis, for something that is totally unnecessary to be expedited through the city's processes right now."

Well, it's pretty clear why there's such a rush: Rather than deal with the unpopular question of what services to cut and whether to slash pension benefits, the gutless council and shamelessly opportunistic mayor would much rather extol the virtues of a downtown football stadium, especially during Super Bowl week. Never mind that boosters are tossing around crazy claims that a stadium/team will create many thousands of jobs (the experts say that those numbers are highly inflated), or that AEG has yet to provide specifics about how the stadium will be financed.

*Bob Timmermann tweets:

The Farmers Field plan is a solution to a problem that exists only in the minds of people who stand to make millions of dollars off of it.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Politics stories:
Obama meets with victims of LAX shooting*
Maria Elena Durazo profile names a key name *
President Obama's arrival timed to rush hour (again)
Obama will visit DreamWorks Animation, Magic's home
Some USC students wish they were invited to Bush speech

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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