Questions related to the Los Angeles Convention Center 1 Teappeirs that the Downtown stadium proposal will permanently lint future expansion ofthe convention center to ts current size instead of former plans that required the Convention Center to be expanded to 1 Million Square Feet. [feuccessfal convention center around the world are 1 M sq ftor greatet, why are we permanently, limiting our ability to grow, 2. The new Convention Center plan as described would take the West Hall from 240,000 Square feet down, to 210,000 square feet and “atitize” the Stadium as convention space, ‘That would decrease the size of the Convention space farever - how does a Football field ‘work for convention space? ‘This space is not cantiguous space, as many successfal convention spaces around the world, 8. How does the football stadium work as convention space? With only 700,000, square feet area of flat space, as described by the concept proposal -a80-foot drop from nest level-why would conventions and trade shows select a site that uses a stadium? 4+ How ist possible to rebuild the new convention space before tearing down the West Tall? Even so how will conventions operate with the noise and congestion elated demolition or new constriction? 5+ With very finicky convention organizers and planners, how does the City prevent the Joss of economic benefit (current conventions bookings) duting the 36-month construction of the stadtom and 24-month construction of new convention space? Economie Impact to the Convention Center & What do you think the City should do with conventions currently booked and how ill you help cover the costs of cancellations and/or penaltios? 7. Typically Conventions book out for multiple years, with the proposed demolition of the West Hall how do you keep that business? Will those conventions ever come beck? Who guarantees any financial loss? 8. How will this affect future conventions from, deciding on: coming to L.A. when the certainty of space is unavailable?Convention Bonds 9, The convention center has currently $445 to $470 million of bonds still outstanding (648 Million/year in annual debt service), Who pays off the bonds in the event of demolition or new construction? 10. The Downtown stadium proposer has asked for an additional $350M in bonds for the new convention center, Based on current bond indebtedness, this would add an additional $29M/ year in debt service for the next 30 yrs. With the City currently contributing $15 M/year to cover a convention center shortfall, how do we pay this annual debt service? 13. You are also demolishing 4,700 parking spots that are under the West Hell building today, at an average of $25,000/ spot you have said that you would build 1 new parking structure and renovate another parking structure. That is a total of $17,500,000 that would require an additional $9M/year in debt service, Who pays this debt service and how? From what revenue source? 12, What will be the security for any new bonds floated by the City? Who will back those bonds? 18, What will be used to pay off those bonds? Will hotel, parking, ticket, rental car or propetty taxes be used to pay off the new bonds? 14. Are we taking into consideration the taxes that ate currently being generated for the City {from the current convention infrastructure today? Who guarantees those lost revenues? 15, Given the passing of Prop. 26, would a "ticket tax” require voter approval? 16, Would you define hotel, parking, property of ticket taxes as public money? What would ‘our message be to the public? 47, Will the Downtown stadium proposer pay the existing 648 mullion of annual debt service and the $34 million of new debt service (New convention center and parking)? 18. If there is $445 to $470,000 M of outstanding bonds from an offering 18- years ago that at $48 million per year in debt service totaling $1,400,000,000, how can we believe anew ‘bond offering (with inflation) will not require the same annual cost which would total approximately $1.5 billion of new debt service over 30 years? That would also assumethat construction costs have not increased, especially when the new bullding is proposed tobe builtona bridge instead of on the ground like the existing convention center buildings, 19, When Staples Center tried to use a parking tax to pay for the land acquisition costs, the current operator agreed not to use parking taxes and pay privately for the land ~ has this changed? 20. There are $445 M existing bonds ($48,000,000 annual debt service for 10 years) = we are now considering $350 M ($29,000,000 anal debt service for 30 years) plus parking bonds for the parking that you are demolishing and replacing for $17,000,000 (89,000,000 anual debt service for 30 years) which brings the total to $87,000,000/year {in debt service and a total bond life of $1,585,000,000 - who is going to guarantee that? City Commitment 21. Should public officials accept a guarantee from a private company in backstopping bonds, especially when the City has a structural deficit? 22, Will the stadium developer agree to never sell /refinance the project until the bonds are paid off? 23. How can1as a public official claim “no public money,” when city bonds will be offered and taxes will be used to repay the bonds. Multi-Purpose Facility 24, Why not build the expansion space and renovate the existing convention center as it exists today to increase the size of the Convention Center to’ Million square feet? 25. There seems to be massive scheduling conflicts between football and convention events? 26, How do you book events at the Convention Center with Football and with Staples Center events, not to mention LA Live events? What impact will Football have on Staples Center scheduled events (Basketball games on Sundays)? 27, Conventions load-in and load-out during the weekends, isn’t that when NFL. games are played?28. The L.A. Auto Show controls the entire convention center nearly the whole month of November; will we have Football or the L.A. Auto Show? 29. If we lose major conventions and shows like the auto show, will the developer or the {eam guarantee the loss to the City the economic benefit of those shows? Entitlement Process 30, Where are you in your entitlement process? 31, Have you started an environmental impact report (EIR)? 32, Are you planning on conducting an EIR for both the convention center and stadium? 33, Who will pay for all the mitigations required by an EIR? 34, Are you planning fo circumvent the BIR process with an exemption bill in Sacramento? 35. Who will pay for the new infrastructure required for traffic mitigations? 36. How do you plan to have circulation around Downtown when you plan to close the two ‘main on/off ramps accessing the stadium area? 37, How does circulation around the proposed venue work with 70,000 people? Where will they enter and exit? How do they get around? Logistics/Operations 38, Where ie all the parking? 39. Who pays for the additional parking needed for an NFL stadium? 40, What are you going to do about scheduling all the other events in that area? 2 Lakers, Clippers, Kings, Sparks, Nokia, LACC, Dodger Stadium, Coliseum 41, What wil the Lakers, Kings, Clippers and Sparks say about losing all their parking?42, How much does an NFL Stadium really cost? a b. e 4, ‘Tight site location . Baxthattake zones Roof If the new stadium in NY cost $1.6 B without a roof and not in an earthquake zone, how will this stadium only cost $1 Billion? 43, Loss of taxes to the City? ‘Events 44, What events can we realistically host at this Bvent Center? a ‘You mention Final Fours, Super Bowls and World Cups but how often does that actually take place? b, How many concerts play in NFL stadium venues today? How many open dates are there realistically when you consider over 300 events a year at Staples Center? Will this cannibalize the economics/events of the Staples Center? (no netnew events just moving avents from one location to another) How will you play any Monday ot Thursday night games when all the parking. from normal commute traffic Downtown is taker? Football games are all day events, where will all the pattons/fans tailgate?