LOS ANGELES — Officials from Los Angeles travel to San Francisco, Chicago and the East Coast twice a year to talk to investors, but this year city officials decided to host a conference of their own and invite investors to come to them.
The city will host its inaugural investor conference on March 29-30 in downtown Los Angeles, though issuers on hand won’t be limited to the local government.
The conference will start at the Grammy Museum in the L.A. Live entertainment disrict and move to the Omni Hotel in downtown’s Bunker Hill for the second day of events.
If investors have a better understanding of Los Angeles and its sister agencies, investor appetite for the city’s debt will increase, resulting in lower interest costs and overall improved financial results for all upcoming regional transactions, said debt management chief Natalie Brill.
“The Los Angeles region is recovering from the most severe economic crisis since the Great Depression and media coverage has focused heavily on the challenges we have all faced,” Brill said. “Investors should hear directly from policy makers and agency managers how we managed through the crisis and are working to establish the path to future financial stability for our respective agencies.”
The presenting issuers will include the city of Los Angeles, Los Angeles Wastewater System, Los Angeles Department of Water and Power, Los Angeles World Airports, the Port of Los Angeles, Los Angeles County Metropolitan Transportation Authority and the Los Angeles Unified School District. Mayor Antonio Villaraigosa and Council President Herb Wesson are slated to speak the first day of the conference.
Participants will be able to take a guided tour of L.A. Live with the Anschutz Entertainment Group executive team.
AEG is the developer of the district that includes the convention center, sports arena, live music venues, and, they hope, eventually a National Football League stadium that would involve a $275 million bond issuance from the city to be repaid by AEG.
Four site tours area also planned by the Metro transportation authority, LAX, the Los Angeles Wastewater System and the Port of Los Angeles.
For more information contact Brill at 213-473-7500. To obtain a registration form to RSVP email firstname.lastname@example.org. The deadline to RSVP is March 21.