Analyst Says Economic Benefit of L.A. Stadium Would Be Minimal

As the city of Los Angeles considers a plan to allow construction of a football stadium downtown, some have called into question the economic projections of developers.

"Speaking to a state Senate panel reviewing the plan by developer Anschutz Entertainment Group, policy analyst Mark Whitaker warned that football stadiums typically have a minimal effect on a region's economic growth, largely because they become a magnet for household entertainment dollars that were already being spent elsewhere in the area.

In many cases, families that have bought tickets to events at the Home Depot Center in Carson, the Los Angeles Memorial Coliseum and other local venues would probably shift those same dollars to the proposed Farmers Field in downtown Los Angeles, said Whitaker, who works in the Legislative Analyst's Office.

'This wouldn't be the case with all events.... There's no NFL team in L.A. right now, so that would be new economic activity,' he said."

A written report on the project predicts "minimal" economic returns to the city and region.

Full Story: Analyst casts doubt on economic benefit of downtown L.A. stadium

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00