The truth comes out about
How’s this for an idea: Let’s sell off signage rights for giant electronic billboards on public property throughout the city and subsidize some massive developments?
Shame on you if you didn’t already know that Phil Anschutz is the Denver billionaire who made a down payment on buyiing L.A. — and City Hall — when he built the Staples Center with subsidies from the public.
Now while reaping the rewards of hundreds of millions of dollars in additional subsidies to the LA Live project nearby, Anschutz’s AEG global sports and entertainment empire is coming cash in hand before the City Council to seek exclusive rights to put up more than 50,000 square feet of billboard and flashing electronic signs.
Can you imagine it: Giant, ever-changing electronic billboards distracting freeway drivers 24 hours a day, defacing the architect’s design for the convention center — the pink elephant that has eaten the city treasury to make up for its huge losses..
For two million bucks a year plus a percentage of the revenue on some of the signs? How much would City Hall be worth? The DWP building? The parks? The Hollywood Sign? Griffith Park?
And the money could be used to hire more cops. You can trust the mayor’s word on that even though he says he’s unfamiliar with the details of the Convention Center proposal.
“You know, the L.A. Times supported LA Live. Virtually every business in the downtown area supported LA Live because it’s going to bring tourism, new hotels, new restaurants and jobs to the city of Los Angeles,” Villaraigosa told the Times.
“I can tell you, it’s not about political power, it’s about the economic contribution they make to the city.
OK then, we know we can take his word for it as a true Republican who believes what’s good for downtown business is good for L.A.