Budget and Finance Committee meeting summary
At a glance
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The Committee reviewed three items — final direction on the Los Angeles Convention Center expansion EIR, authorization to issue up to $990 million in MICLA lease revenue bonds for the Convention Center, and a proposed contract amendment for legal services in ongoing litigation — and continued all three items to September 16, 2025.
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What this means
The committee discussed plans and financing for the Los Angeles Convention Center expansion and whether existing environmental review is sufficient, a proposal to issue up to $990 million in city-backed lease revenue bonds to help pay for the project, and a request for more funding for outside legal services in an ongoing lawsuit. No final approvals were made; all decisions were deferred to a future meeting on September 16, 2025. This means residents should not expect immediate construction or financing actions until the committee and City Council take further steps.
Key decisions
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- Continued Item 15-1207-S1 (Chief Legislative Analyst and CAO reports regarding Los Angeles Convention Center Expansion and CEQA/ EIR findings) to September 16, 2025.
- Continued Item 15-1207-S3 (CAO request to authorize issuance and sale of up to $990 million in MICLA lease revenue bonds for the Los Angeles Convention Center) to September 16, 2025.
- Continued Item 20-0263-S3 (City Attorney report proposing a First Amendment to contract for additional legal services with Gibson, Dunn & Crutcher, LLP, related to LA Alliance for Human Rights litigation; item included possible recess to Closed Session) to September 16, 2025.
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