Given the state of the economy, it might seem an odd time to ask voters to approve a half-billion dollars in new borrowing. But the City of Industry did just that Tuesday, and 60 voters agreed to go along with the plan. Only one voter said no to the bond.
The main impetus for the borrowing, despite what city officials say, is a planned $800 million NFL stadium that billionaire Ed Roski wants to build. At least a third of the money would go toward improvements around the proposed stadium site.
Industry also convinced voters to approve no-bid contracts, which should grease the skids if and when a stadium project gets underway, and a new tax on tickets.
The Industry electorate also passed a law that restricts enfranchisement to residents with a permanent city address - hotels excluded.