Initiative fear spurs developer to sweeten L.A. Arena deal

Berkman, Leslie
October 1997
Bond Buyer;10/10/97, Vol. 322 Issue 30249, p1
Trade Publication
Reports that Los Angeles, California city councilman Joel Wachs has unveiled a revised deal with prospective builders of the downtown sports arena L.A. Arena Co. Assignment of risk for $58 million of debt; Developers' pursuit of exemption from a Wachs initiative that seeks to have voters approve public subsidy for professional sports facilities in the city.


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