(L to R) Assemblyman Charles Calderon, Chairman Make Davis, State Equalization Board Member Jerome Horton
Sentinel News Service
Last Friday, Assemblymember Mike Davis (D-Los Angeles), chair of the State Assembly Committee on Arts, Entertainment, Sports, Tourism and Internet Media, held an oversight hearing on the Impact of Professional Sports Stadiums and Arena Facilities on Local Economies at The California Science Center’s Wallis Annenberg Building, Muses Room inÂ Exposition Park.
The reason for the hearing was to encourage significant debate and dialogue on whether sports stadiums are a plus or a minus on local economies. It focused on the economic benefits of professional sports teams and their facilities on local economies-balanced against construction, maintenance and operating costs of different types of facilities. AlsoÂ examined were local government economic incentives that often go into decisions relative to where and when to build sports oriented facilities.
Along with Chairman Davis, State Equalization Board Member Jerome Horton and Assemblyman Charles Calderon were on the panel. Those who addressed the panel included Jeff Cohen and Ed Shaw, Economic Research Associate (AECOM formerly ERA); David Simon, Los Angeles Sports Council; Patrick Lynch, manager, L.A. Coliseum Commission; and managers of the AEG/Staples Center.
Chairman Mike Davis said “Our top priority is to strongly support the business of sports in the State of California. It is important for citizens to hear the plans and understand the financial impact of new athletic facilities. These projects will provide jobs as well as entertainment.”