AEG May Be Unconventional
AEG’s proposal to manage the Los Angeles Convention Center is in jeopardy because it failed to submit financial information to the city, according to an official.
Los Angeles City Administrative Officer Miguel Santana informed AEG last month its application to be facility manager had been deemed nonresponsive because it failed to provide corporate tax returns and three years’ worth of balance sheets and other paperwork, Santana told the Los Angeles Times.
Ted Fikre, AEG’s chief legal and development officer responded April 11, saying the request for financial information was “unclear,” according to the Times. Fikre said in his response that the company was capable of meeting financial obligations, citing its history with the Staples Center and the L.A. Live entertainment complex.
AEG spokesman Michael Roth said the situation was a misunderstanding that would be resolved.
AEG was one of two candidates to respond to the city’s request for proposals for facility management of the convention center; the other candidate is undisclosed.
Santana told the paper that the concern regarding the convention center does not influence AEG’s attempt to build the Farmers Field football stadium near L.A. Live.