City Attorney sends Council draft ordinances for Convention Center expansion bonds

Two draft ordinances would let the city's financing corporation issue new bonds to pay for the Convention Center expansion.

City Council· posted Jul 22Policy

The city would borrow more money through lease revenue bonds to finance and refinance the expansion and modernization of the Los Angeles Convention Center, using city property leased to and from the city's financing corporation. The City Attorney has sent the two draft ordinances to the City Council for consideration.

What happens next

City Council consideration of the two draft ordinances

Los Angeles Convention Center
Los Angeles Convention Center

Photo: Cbl62 (talk), CC BY-SA 3.0, via Wikimedia Commons

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