Los Angeles F.C., the sort-of MLS expansion team that will be replacing Chivas USA, has announced that it plans to build a $250 million soccer stadium plus conference center on the site of the Los Angeles Sports Arena, to be paid for by the team’s owners:
Construction would be financed by the team and its ownership group, which includes former Lakers Hall of Famer Magic Johnson; Mandalay Entertainment Chief Executive Peter Guber, co-owner of the Dodgers and the NBA’s Golden State Warriors; self-help author Tony Robbins; and women’s World Cup champion Mia Hamm and her husband Nomar Garciaparra, a former major league baseball all-star.
That’s certainly refreshing, and—
The project would be eligible for tax incentives.
Oh. How much in tax incentives, Los Angeles Times? What kind? Hello? Hellooooooo?
More to come, clearly.