Est. 1998
Memorial Profits Los Angeles
The ongoing argument over who should pay for the services provided for public protection on the day of Michael’s Memorial at the Staples Center, has been rationalised by a report from the City Of Los Angeles.
The chief legislative analyst concluded that the event cost the city $3.2 million, including $1.2 million for straight salary, overtime and other expenses. Most of that money covered costs incurred by the Los Angeles Police Department which was out in force over concerns about huge crowds converging in downtown L.A. for the memorial. But the report said that the funeral stimulated the local economy to the tune of an estimated $4 million. It did not break down the estimate but cited a study by LA Inc. showing an increase of $1.2 million in hotel revenues.
The audit also said that cabs and star tours reported a slight increase in business and suggested that restaurant business probably went up.
Source: LATimes & MJWN
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