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L.A. stadium developers tweak pitch

Updated: June 29, 2011, 1:04 PM ET
Associated Press

LOS ANGELES -- The developers proposing an NFL stadium for downtown Los Angeles tweaked their pitch to the city on Monday.

AEG's Tim Leiweke told a town hall meeting that he would ask the city to issue less than $300 million in bonds as part of the deal, down from $350 million. The debt would be repaid by sharing advertising revenue and with property taxes, in addition to stadium ticket surcharges and new venue-related revenue from city-owned parking lots, Leiweke said.

Los ...

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