Explaining Southern California's economy

Why we need NFL football back in LA – even if we don't want NFL football back in LA

There are currently two competing proposals to build new stadiums and bring the NFL back to L.A. (I've blogged about this a bit already). AEG, developer of the Staples Center, is behind the one that would install our gridiron heroes Downtown. Majestic Reality would build in City of Industry, to the east of the city. In order for either of these plans to get off the ground, an NFL team needs to commit to moving in. And if one does, we'll need to figure out where it will play while the stadium is being constructed.

The Rose Bowl is often mentioned, but there's resistance on that front. There's also a potential problem with using the Coliseum. The Pasadena Star-News nicely summarizes the conflicts

The Patt Morrison Show did a segment this week about whether a new L.A. NFL stadium would live up to economic expectations, in response to a review by the Legislative Analyst's Office that concluded that Los Angeles won't realize the promised benefits of the AEG project. I'm skeptical that any new stadium will really add up to a jobs bonanza -- entertainment spending isn't powerful enough to move the needle on an unemployment rate in L.A. County that's at 12.4 percent. But there are other reasons why we might want to go with the Downtown stadium (and I hasten to point out that I'm not picking sides here, just laying out what would happen if AEG gets the thumbs up):

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