Historic SoCal venues now allowed to use taxes generated at events to reinvest in facilities

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Historic SoCal venues now allowed to use taxes generated at events to reinvest in facilities
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The Rose Bowl will be one of three historic local stadiums eligible to receive a facelift thanks to funding from a new state bill.

The Rose Bowl Stadium in Pasadena may be known as host to the "Granddaddy of Them All" college football game on New Year's Day, but some might say the 101-year-old stadium is looking a little long in the tooth.

"We are here perpetuating and continuing the legacy of the Rose Bowl and reinvesting in that legacy by using today's dollars to do it," Portantino said. According to a press release issued by the Rose Bowl Stadium, SB 96 did not seek allocations from the state's General Fund to support the preservation of these venues. Instead, it will use the sales and tax revenue generated by their live events to reinvest into each respective venue's infrastructure.

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