California official says developer AEG probably overstated the financial boost. He speaks at a hearing on the fiscal effect and a possible bill to let AEG curtail legal challenges on environmental issues.
By David Zahniser, Los Angeles Times
August 27, 2011
The office that advises the California Legislature voiced doubts Friday about the level of economic benefit that would come from an NFL stadium in downtown Los Angeles, saying studies commissioned by the project’s developer “likely overstated” the financial boost it would deliver.
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