Officials in Los Angeles are close to closing a naming rights deal for $500 million or more for the entire downtown area.
The deal would include signage and advertising rights. "Officials revealed that Hug-A-Dunka, a growing doughnut chain with hundreds of outlets in the Southeastern United States, is expected to sign a nine-figure deal to affix its name to Downtown. The cash inflow over Hug-A-Dunka Downtown will no doubt ignite wrangling as city players argue over where to spend it, said one City Hall insider." Editor's Note: Happy April 1.
Thanks to Chris Steins
Read the full story: Downtown Naming Rights Deal Nears Completion
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