Private donors help pay for Lakers parade

The parade will start at 11 a.m. at the Staples Center, run along Figueroa and will end at the L.A. Coliseum.

The parade and rally are expected to cost $2 million, and after critics argued taxpayers should not have to foot the bill, the city will not have to pay any money for the celebration.

The Lakers and Anschutz Entertainment Group, which owns the Staples Center, will reportedly put in $1 million, and the city's share will be paid through private donations.

The city will supply police and traffic control, and it will rent the Coliseum, which is a state park.

A news conference was held Tuesday afternoon at the Lakers' practice facility in El Segundo with L.A. Mayor Antonio Villaraigosa, LAPD Chief William Bratton, Lakers guard Derek Fisher to update parade details.

Mayor Villaraigosa said that private donors gave $850,000 of nearly $1 million in city costs for Wednesday's parade and rally.