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waterfield
Well yes-the public did pay-but its complicated.
Inglewood has been a city and community long in despair. In order to convince the taxpayers there that the stadium will help finance -through sales taxes-need construction to the infrastructure and most important improvements to the failing Martin Luther King hospital.Those are commitments that will have to be met.But in order for Kroenke get this done Inglewood is allowing Kroenke to pocket some of the sales taxes from purchases made in the stadium complex, a kickback that's worth an estimated $180 million. Moreover, uses for the nearly 300-acre site would have been more productive according to many experts. So in order to complete the infrastructure and the improvements to the only trauma center in the entire community the public will be on the hook in the form of TAXES.
And yes there are other hidden details in the financing-such as allowing a continuing deferral of loan payments, seemingly at the whim of Kroenke, etc. Its not "public financing" like we are used to thinking re NFL stadiums but to say it is not cost to the public is false.
True, but the economic windfall of this project being in that area was well worth the tax money given to help build it. They will get their money back 10 fold in no time once this is complete and full of people ..... ask the lucky homeowners whose property value skyrocketed once this got approved
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