EDITORIAL COMING ATTRACTIONS.POP, sizzle siz·zle intr.v. siz·zled, siz·zling, siz·zles 1. To make the hissing sound characteristic of frying fat. 2. To seethe with anger or indignation. 3. and buzz. That's what the city wanted for investing about $10 billion in public money in beautiful downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . So far, what we've gotten is all fizzle fiz·zle intr.v. fiz·zled, fiz·zling, fiz·zles 1. To make a hissing or sputtering sound. 2. Informal To fail or end weakly, especially after a hopeful beginning. n. . But hope sprung anew when billionaire Phil Anschutz came looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a city handout to build Staples Center This article has multiple issues: * Its neutrality is disputed. * It may contain original research or unverifiable claims. * It does not cite any references or sources. . And now Anschutz with fellow billionaire Rupert Murdoch have their hands out for a taxpayer giveaway to support a major new plan to develop a sports and entertainment complex nearby, plus a hotel to support that ultimate white elephant White Elephant Any investment that nobody wants because it is unprofitable. Notes: The term 'White Elephant' is derived from Thailand, where an Albino (white) elephant was given to unfavored people by the ruler. , the L.A. Convention Center. Still, the success of the new arena and the possibility of attracting more people downtown holds real promise. But there is a catch: It will make fat cats even richer with the help of a tax subsidy and do nothing for the rest of the city. But what's L.A. to do? Despite modest signs of life, downtown is still nowheresville Nowheresville is a single from Mark Oliver Everett, a.k.a. E of Eels, released in March, 1992 on CD from Polydor Records. Track listing
Staples Center's $1 billion development plan makes sense by expanding what's there and generating more convention and concert business around it. Taxpayers are paying royally for the city's Convention Center - $38.4 million last year and up to $42.4 million in Mayor Richard Riordan's proposed budget. Because the center was ill-conceived and badly run, L.A. gets small-fry shows and the lucrative big convention business goes to San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Denver or Las Vegas. More business would come to L.A. if more hotel rooms were next door to the Convention Center and if the center itself were expanded. In return, Timothy J. Leiweke, president of the L.A. Arena Land Co. and Staples Center, said developers are looking for a public subsidy for the main hotel out of additional tax revenues generated by the project. The city probably has no real choice - it can't exactly tear down the Convention Center and write off the public's investment in downtown. But there's a big price to be paid for digging deeper into the public's pockets - and anyone seeking higher office next year should consider that. If our self-serving political leaders can find more money for deals for downtown, they can start putting their heads together and finding the money for similar development plans that enhance North Hollywood, the Northeast Valley and Van Nuys. That's the only way Los Angeles will ever sizzle! |
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