Industry Voters OK Stadium-Related Bond Sale

0

Voters in Industry Tuesday approved the sale of up to $500 million in bonds for infrastructure improvements in their city, including some that would support a planned $800-million NFL stadium.

The stadium, which was proposed last year by billionaire Ed Roski, would be built by Roski on 600 acres of city-owned land as part of a massive development that would also include retail and office space, as well as practice fields and banquet facilities.

Industry residents approved selling bonds to build streets in the development, add sewer and other utility connections and fund civic improvement projects not related to the stadium. Additional projects could be identified as needs arose, Industry Mayor David Perez said. The preliminary vote count was 60 to 1.




Read the full

Los Angeles Times

story.

No posts to display