Results tagged “revenue”

World-renown acrobatic entertainers Cirque du Soleil have been dangling a 2011 permanent stay here in Los Angeles for several months now. Talks to have the troupe set up their act at Hollywood & Highland's Kodak Theatre for a ten-year residency at the venue have been in the works for sometime, but now it falls to the City Council to decide if Los Angeles can afford to have them here, according to the Daily News.

The city is looking into installing new parking meters that could potentially bring in $1 million in additional revenue to help fill the budget gap, but officials say they don’t have enough resources to do so. LADOT told councilmembers at last week’s Transit meeting the plan would not make any money in its first year because the meters would cost $1 million to install. Additionally, officials said the department is already 18 percent understaffed in maintenance technicians, making it harder to collect money and fix existing meters.

In another round of job cuts for the LA Times, the paper announced today the planned sacking of 250 jobs across the company which includes 150 editorial ones. The paper will also reduce the number pages it prints by 15%. This is due to a declining revenue, some which is blamed on the internet (which is also a blessing, depending on how you look at it). "You all know the paradox we find ourselves in," Times Editor Russ Stanton said in a memo to the staff. "Thanks to the Internet, we have more readers for our great journalism than at any time in our history. But also thanks to the Internet, our advertisers have more choices, and we have less money."

The city of Los Angeles is struggling over a $406 million dollar shortfall, forcing them to look at ways to cut costs and increase revenue. One obvious idea on the revenue side of things: parking tickets.

As we discussed last week, Mayor Antonio Villaraigosa is in Washington D.C. today telling the rest of America why LA and its surrounding area is getting ripped off from federal investment. If we get jammed in traffic, we can't deliver for the rest of the U.S. Here are some facts: This delegation is part of the kick off of Access Washington, D.C. 2007, a trip sponsored by the L.A. Chamber and Mobility 21. Southern...