Field of Schemes
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December 18, 2008

City of Industry to vote on $500m in 'infrastructure' for NFL

I've been so caught up in New York shenanigans that I've fallen behind in keeping up with developments on the other side of the country. Fortunately, FoS correspondent David Dyte picks up the slack:

At a time when the NFL is cutting jobs in Los Angeles, Ed Roski Jr. and John Semcken still believe in miracles. The Whittier Daily News reports that the Industry, California, city council has scheduled a January ballot measure to issue $500 million in bonds for infrastructure. Presumably this will support Roski and Semcken's proposed $800 million football stadium, which still lacks a tenant. The bonds would be repaid via property taxes. Five other measures on the ballot include one granting the city the power to award public works contracts without a bid process. For a city of just 777 residents, this is big business indeed.

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