AEG President Timothy J. Leiweke and Mayor Antonio Villaraigosa said Friday in a joint statement that $1 million will be provided to the city's general fund, and the rest of the money will go to the Los Angeles Police Foundation for crime-fighting equipment.
"It was important to us that all parties agreed that this was not an obligation but a choice we believed was important to make at a time when thousands of city employees are being reduced," Leiweke said in the release.
The 'rest of the money' is $300,000. In total, the payment from AEG and the estate doesn't even cover the overtime the residents of LA had to pay police to look after the concert; and it's barely a smidge of the profits made from people buying Jackson records when he died.
Perhaps now AEG have had a chance to choose to do the right thing, it's time for them to be asked to make up the rest of the costs?
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