Valley Frets Over Traffic, Welcomes Revenue From NFL Stadium

Valley business advocates said revenues from a new stadium could trickle 20 miles north into their neck of the woods.

Shocking. Parking and traffic are among LA residents' top priority.

But these Angelenos are not worried about the normal rush hour snarl; they're concerned a proposed NFL stadium could worsen downtown congestion.

Others are thrilled for a chance to boast the city's first pro-football team since 1995.

Divided Angelenos, at least a hundred, are expected at a second public hearing Thursday in Van Nuys to discuss the $1.2 billion financing plan for a proposed NFL stadium downtown.

Business advocates in the San Fernando Valley hail the stadium and convention center expansion as a welcome economic stimulus.

"It would benefit everybody," said Stuart Waldman, president of the Valley Industry and Commerce Association (VICA).

The San Fernando Valley, about 20 miles away from the area where the proposed stadium would sit, has about 11,800 hotel beds that could potentially be filled with convention-goers, Waldman said.

The project, named Farmer's Field and touted as risk free for taxpayers, will be privately funded by Anschutz Entertainment Group (AEG), company president Tim Leiweke told NBC4.

Angelenos may be monetarily secure, but opponents of the deal claim traffic during construction and events would add to an already vehicle-jammed area.

While increased traffic and parking demand are a valid concern, Waldman said, public transportation, such as the Red Line, are viable alternatives.

"More traffic means more people are going (to the city), so it's not all bad," Waldman said.

The meeting will begin at 5:30 p.m. Thursday at Van Nuys City Hall, 14410 Sylvan Street.

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