LA Council Pushes Forward Convention Center Deal With AEG

Law360, New York (October 10, 2013, 3:29 PM ET) -- The Los Angeles City Council on Wednesday rubber-stamped a deal that turns over management of the city's convention center to Anschutz Entertainment Group, which is also building a $1.2 billion football stadium and entertainment complex nearby.

In a unanimous vote, council members approved a report from the budget and finance committee and also filed a report from the economic development committee. The administrative acts effectively allow the city administrative officer and attorney to complete negotiations with AEG that will hand over management and operations of the...
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