Schwarzenegger Signing NFL Stadium Bill Right Now

The Governor's Office is webcasting the live the press conference where Schwarzenegger will sign legislation exempting developers from environmental laws, which has delayed the project. The Governor's office calls the project a "green project." Although today's legislation will pave way for this "shovel-ready" and "privately financed" project (that they say will bring 18,000 jobs), the LA Times notes that developers Majestic Realty might have trouble getting "construction loans amid the credit crunch."