Los Angeles is considering selling its naming rights. The west-coast city may open up tenders for an official drink, to make up a projected budget shortfall of US$250m next year.

The announcement follows New York's deal with Snapple last year, worth US$166m over five years to the city.

A City Council committee met to discuss the proposal on Tuesday. With over 400 vending machines in LA's parks and public buildings, the committee is looking at ways to get more money from the machines.