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

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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.