Morning Briefs on the Los Angeles Political Machine for Monday
Speaking at a Downtown lunch event today hosted by the Los Angeles Current Affairs Forum, Supervisor Mark Ridley-Thomas expressed skepticism that the league stands ready to make a deal with Anschutz Entertainment Group that would result in having pro football in L.A. for the first time since 1994.
“I don’t know that you can trust the NFL in terms of negotiating,” said Ridley-Thomas during the event at the Sheraton Hotel. “You think it’s Farmers Field, but they’re out right now negotiating, optioning the project somewhere else. That’s what they do. Why? Because they always want to stir it up. And they’ll never tell you.”
** The Downtown News also has the exclusive of the new incarnation of the former politically-connected real estate firm of Meruelo-Maddox, which is now called Evoq Properties.
After a two-year court process, Meruelo and Maddux were ousted as part of a reorganization plan that allowed an outside investment group armed with $23.6 million in private equity to take a majority share of the company. New management was implemented, with Martin Caverly, who previously ran a real estate consulting firm, taking over as CEO.
Gone are the days when you can buy some contaminated property and have LAUSD make you a big profit through Eminent Domain.