Industry, California’s football stadium plan may still make smoke and mirrors look solid by comparison, but that’s not going to stop the city from spending $172 million on preparing the land and building infrastructure for it regardless, with work possibly starting as soon as this January. Because apparently according to the lease that Majestic Realty developer Ed Roski signed with the city back in so-long-ago-I-can’t-even-Google-it (2008, maybe? did the web even exist then?), in exchange for a share of the profits from the whatever it is that Roski builds there, the city has to pay for land prep and infrastructure, out of funds from the local Regional Development Authority that was officially abolished in 2011, but which is still committed to paying out on projects that were approved prior to then.
“Under that lease, there is an obligation to put in the infrastructure,” Industry city manager Kevin Radecki told the San Gabriel Valley Tribune. “At a certain point, [the developer] will have to decide which direction they want to go.”
On the bright side, Industry barely has any residents — it was incorporated by a bunch of local companies (hence the name) in the 1950s, essentially as a tax dodge — so it’s not like there are schoolkids who are going to go without pencils as a result of this expense. Though given that the state of California has claimed that the money should be theirs since Roski’s plans aren’t yet finalized, you could certainly argue that schoolkids in, say, Oakland are being denied as a result. But it’ll all be worth it when the flying gondalas are ready.