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Basketball, Sports Business, Championship Parades, Los Angeles Lakers

Lakers Should Pay for Parade, Not City

June 15, 2009 by Larry Brown • Comments
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After the Lakers took a 2-0 series lead, the city of Los Angeles already began making plans for a championship parade celebration. There was a question whether or not the city could afford to put on a parade given the current economic issues facing the city (translation: the state going bankrupt). In the end, the team and the city agreed to each pay about a million dollars for the parade which includes the expense of renting out the LA Coliseum, and paying for several city workers to guard and clean up. The Police Protective League thinks what the city is doing is absurd:

“At a time of financial crisis, when the public expects, and quite frankly should demand city leaders to be good stewards of every tax dollar, it is foolish for elected officials to favor spending 1 million tax dollars on a three-hour parade,” league President Paul M. Weber said in a prepared statement Sunday.

Considering I have friends and family whose jobs and paychecks have been threatened because of a lack of funding, I think it’s ridiculous that the city is going to cobble together the money for this. This is a time when the team needs to step up and give back to the fans in one of the best ways possible, at a time when it’s most needed. Why not have the players kick in some bucks to make up the difference? They certainly can afford it. I know one thing — the city sure can’t. This is just like execs from GM buying luxury private jets when the company’s requesting government funds. It’s ludicrous, preposterous, ridiculous! (but worth it if they bring back Mark Madsen for the festivities).

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