The proposed NFL stadium for Downtown Los Angeles is still far from being a done deal.
But that doesn't stop people from trying to figure out just how much money the $1.5 billion stadium could generate.
At a hearing Friday, state fiscal policy analyst Mark Whitaker said people will not spend more money just because there is a stadium.
Most people have a fixed budget when it comes to entertainment, Whitaker said.
The Los Angeles City Council approved unanimously approved a Memorandum of Understanding (MOU), on August 9, which is part of a deal to build a $1.3 billion football stadium and convention hall downtown. The proposal by Anschutz Entertainment Group (AEG) calls for the construction of a 72,000-seat facility that would sit next to the Staples Center-LA Live Campus.
Also on Friday AEG President Tim Leiweke talk a state Senate panel that the developer needs protection from "frivolous" lawsuits in order to move forward with the staduim plan.
