Getting your player ready...
AEG Worldwide, an entertainment company controlled by Denver billionaire Philip Anschutz, has cut the amount of municipal bonds it wants Los Angeles to issue to build a convention-center addition and make way for a proposed $1 billion football stadium.
AEG, the Los Angeles-based owner of the Staples Center arena, will ask the city to issue bonds in “the high $200 millions” instead of the $350 million first sought, chief executive Tim Leiweke said at a town-hall meeting Monday. AEG would pay for and control two adjacent parking garages it previously wanted the city to finance. It reduced its request in response to Los Angeles officials.
