Commission’s Share of Repairs to Coliseum Put at $2.4 Million
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The director of the earthquake repair project at the Los Angeles Coliseum said Wednesday that he expects a final agreement to be reached with the Federal Emergency Management Agency in about a month on funding of the repairs, with only $2.4 million of the total $99.5-million cost left for the Coliseum Commission to pay.
Don C. Webb said that $80.4 million has been disbursed for the repairs by government agencies. FEMA has paid $78.4 million and the state $2 million.
Webb said the state has $7.7 million more to pay and FEMA $9 million. That would bring total disbursements to $97.1 million, leaving the remaining $2.4 million for the commission.
A FEMA spokeswoman in Los Angeles had no immediate comment.
The Coliseum management also announced that it has reached agreement on a 10-year concessionaire’s contract for the Coliseum and Sports Arena with Service America Corp., under which the new concessionaire agrees to pay a minimum of $2.15 million a year in a deal in which the Coliseum complex will get 44% of the gross take.
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