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DOWNTOWN ARENA PLAN SHAPING UP : CONVENTION CENTER PROPOSAL EXPECTED BEFORE CITY THIS WEEK.


Byline: David Bloom David Bloom (May 22, 1963 – April 6, 2003) was an NBC journalist (co-anchor of Weekend Today and reporter) until his sudden death in 2003 at the age of 39. Early life  Daily News Staff Writer

In the first public airing of details on a $240 million downtown sports arena next to the Los Angeles Convention Center The Los Angeles Convention Center (abbreviated LACC) is a convention center in downtown Los Angeles. The LACC hosts annual events such as the Greater Los Angeles Auto Show, and was best known to video games fans as host to E3 until its cessation in 2006. , top negotiators said a final proposal probably will be submitted to the city today or Friday by the Los Angeles Kings The Los Angeles Kings are a professional ice hockey team based in Los Angeles, California, USA. They are members of the Pacific Division of the Western Conference of the National Hockey League (NHL).  and Lakers pro sports teams.

Officials on both sides are pressing to wrap up the negotiations by this weekend, when many of the principals for the teams will be leaving town for vacation, said Steve Soboroff Steve Soboroff (born August 31, 1948) is a real estate developer and president of Playa Vista. Mr. Soboroff is the Chairperson of the Leavey Center for the Study of Los Angeles at Loyola Marymount University. , a city recreation and parks commissioner and Mayor Richard Riordan's point man in negotiations with pro sports teams.

On Wednesday, Soboroff briefed the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  Convention and Exhibition Center Authority on the state of the negotiations, whose outcome he and authority members said could make the difference between financial life and death for the Convention Center.

The authority's members unanimously backed the arena proposal in concept, even though it will cost the Convention Center 100,000 square feet of exhibition space because the arena would be built on the site of the center's North Hall at the southwest corner of Figueroa and 11th streets.

Submission of the proposal would end the first, most arduous round of negotiations, wrapping up weeks of painstaking word-by-word wheeling and dealing wheeling and dealing
Noun

shrewd and sometimes unscrupulous moves made in order to advance one's own interests

wheeler-dealer n
 over the project's details, said Soboroff.

Soboroff said the negotiations are designed to head off objections from Riordan, City Council members John Ferraro John Ferraro (May 14 1924—April 17 2001) served as a Los Angeles City Councilman from 1966 until his death. Early life
Ferraro was born in the working class suburb of Cudahy, California, just south of Los Angeles.
 and Rita Walters Rita Walters (1930-) is currently the commissioner of the Los Angeles Public Library. Prior to this position, she served on the Los Angeles City Council representing the 9th district. During that time, she chaired the Arts, Health & Humanities Committee. , Convention Center General Manager Dick Walsh Dick 'Drug' Walsh (1878-1958) was a famous Irish sportsperson. He played hurling with his local club Mooncoin and with the Kilkenny senior inter-county team in the early years of the 20th century. He is regarded as one of Kilkenny's greatest ever players.  and Community Redevelopment Agency General Manager John Molloy Captain John Molloy (c. 1789–6 October 1867) was an early settler in Western Australia. He was one of the original settlers of Augusta. Early life
Little is known about John Molloy's birth and early life, and published accounts vary greatly in their details.
. The five signed an Aug. 6 letter to the Kings, officially asking the team to submit the arena proposal.

By eliminating objections from the five, the negotiators hope to streamline the approval process through the rest of the city bureaucracy.

``We're asking that the five signatories be satisfied that the proposal is one they can support and take to their respective bodies,'' said Soboroff.

Kings executives are pressing for a quick approval, because they want to begin construction Sept. 1, 1997, and complete the facility in time for the two teams' 1999-2000 seasons, said John Simcken of Majestic Realty, who is handling negotiations for the Kings and Lakers.

Further adding pressure to the city are the concurrent negotiations by the Kings with the city of Inglewood.

Inglewood officials met again with Kings attorneys Tuesday and Wednesday on a similar development proposal near the Forum, where the teams now play, Simcken said. Inglewood officials also have said they would be able to issue a building permit within a week of formal submission of a proposal.

The speed of approval and savings estimated at $100 million make the Inglewood alternative an attractive one to the Kings, negotiators said. But the potential gold mine of a downtown site has encouraged the team to continue exhaustive negotiations with dozens of city officials.

Soboroff said nearly 20 drafts of the proposal have circulated, many never leaving the Kings' offices.

But the latest draft ``is the first time they've given us the documents and gone out of town,'' said Soboroff.

Simcken declined to specify when a proposal would be submitted, but acknowledged, ``We are very close.''

Terms of the deal include not only the $240 million facility, but also 4,500 parking spaces on a lot across the street, Soboroff said.

To avoid cannibalizing the Convention Center's parking revenues, the Kings have agreed to close the parking structure when the arena is not being used, Soboroff said.

``The key for the Convention Center is (that the arena deal will be) revenue-neutral,'' Soboroff said.
COPYRIGHT 1996 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Daily News (Los Angeles, CA)
Date:Aug 15, 1996
Words:588
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