A $500-million deal to pay for a new LAPD headquarters could cost taxpayers millions extra.

The L.A. Times reports:

In approving a $500-million bond issuance to fund the construction of a new police headquarters, the Los Angeles City Council last week shunned an open competition for underwriting firms and instead embraced a plan to benefit local firms.

Several days later, that decision was still cause for concern among some officials, who believe the method could cost taxpayers millions of additional dollars. The new LAPD building is already over budget, and costs would probably rise further if construction doesn't start early next year as planned.

It's just other peoples' money.What a scam.