Economic conditions in Los Angeles, California and the country and world in general won’t prevent fans of the Lakers from getting to enjoy a championship parade. The Los Angeles Times (Julie Cart) reports:

In the end, the team and city will split the cost — each kicking in about $1 million for the festivities, which for the first time includes the significant expense of renting the Los Angeles Memorial Coliseum. The city will pay for police, transportation and general staff, said Mark Szabo, spokesman for Mayor Antonio Villaraigosa. The mayor said Sunday that it was “untenable” not to have a parade, even though city officials had been meeting behind closed doors to find hundreds of millions of dollars in budget cuts.