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Private Donors Will Cover City's Portion of Laker's Parade

Phil Willion on the LA Times "LA Now" blog reports that the City of LA found enough private donors to cover their $1 million share of the Lakers parade Wednesday. Previously it was agreed between Staples Center owner Anschultz Entertainment Group would split the $2 million cost evenly with the city. There will be a news conference later this afternoon announcing this plan.