Today -- the day the Los Angeles Dodgers baseball team filed for bankruptcy -- the billionaire developers of AEG want you, the taxpayers of L.A., to co-sign a loan for nearly $300 million, to build a football stadium. But see, they call it "less than $300 million," to make it sound like a bargain.
If everything works as hoped, then an NFL team will appear and generate sufficient profits, and you'll be just fine, supposedly. But if this "investment" of tax dollars instead goes the way of the Dodgers, guess who gets to repay the "less than $300 million" to the bond-holders. Hint: it rhymes with "schmou."
Hey, AEG, tell me this, would you: If this is such a great investment opportunity, why can't you get people in the private sector to pay for it? After all, we taxpayers have higher priorities -- like sending L.A.'s artists on European vacations.
Must . . . stop . . . paying . . . attention . . . .
If everything works as hoped, then an NFL team will appear and generate sufficient profits, and you'll be just fine, supposedly. But if this "investment" of tax dollars instead goes the way of the Dodgers, guess who gets to repay the "less than $300 million" to the bond-holders. Hint: it rhymes with "schmou."
Hey, AEG, tell me this, would you: If this is such a great investment opportunity, why can't you get people in the private sector to pay for it? After all, we taxpayers have higher priorities -- like sending L.A.'s artists on European vacations.
Must . . . stop . . . paying . . . attention . . . .
