#public-financing

#public-financing

Weingart opened a 19-story, 278-unit tower in Skid Row last year. The project cost $167.7 million, or more than $600,000 per unit. The tower was funded with $32 million of the city's homeless housing bond, a $1.8 million land loan from the City of Los Angeles, $48.7 million in deferrable loans from the California Department of Housing and Community Development, $56.9 million in tax credit equity and $85.3 million in tax-exempt bonds.

Starting next year, offering money or prizes for voting or registering to vote will be criminalized in California. Gov. Gavin Newsom on Thursday, Oct. 2, said he signed two election reform bills into law, including one that criminalizes lotteries for voter registration or participation. From Sen. Tom Umberg, D-Santa Ana, the idea is to ensure wealthy people or special interests cannot influence voter participation.

If approved by the City Council on Tuesday, the deal would keep the city's marquee hockey team downtown for the next 25 years. The city would pay a majority of the total $425 million required to renovate the 32-year-old SAP Center, while Sharks Sports & Entertainment would pay $100 million. The deal would also commit the city and Sharks to begin planning a new arena by September 2027.

"Nationals Park's success is a blueprint for future stadium developments in D.C., showing how public investment can lead to economic revitalization and community benefit."