Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

L.A. NFL stadium agreement approved by City Council on 12-0 vote ($1.2-billion NFL stadium)
LA Times ^ | 8/9/11 | David Zahniser

Posted on 08/09/2011 3:33:30 PM PDT by NormsRevenge

The plan to build a $1.2-billion NFL stadium in downtown Los Angeles took a big leap forward Tuesday when the City Council approved the overall framework for financing the project.

On a 12-0 vote, the council voted for a nonbinding agreement with stadium developer Anschutz Entertainment Group that allows for the demolition and relocation of a section of the Los Angeles Convention Center. That, in turn, would make room for a 72,000-seat stadium just south of Staples Center, which would open in 2016 with the planned name of Farmers Field.

“Today, in moving this forward, we don’t lose one bit of leverage. We don’t lose one bit of control,” said Council President Eric Garcetti. “The great suggestions that people make along the way, we can sit down and talk to folks about. But it is time to take the next brave step forward.”

Approval of the stadium plan would kick off nine months of intensive negotiations with AEG, which has promised to pay for the new stadium and two parking garages on its own dime. And it would allow city planners to press ahead with preparation of an environmental impact report on the project, which would assess such issues as traffic, noise and glare in nearby neighborhoods.

The city plans to issue $275 million in bonds to pay for the new Convention Center wing. Up to 49% of the new revenue generated by the two projects -- taxes and lease revenue -- would be used to pay off that debt.

(Excerpt) Read more at latimesblogs.latimes.com ...


TOPICS: Business/Economy; Culture/Society; Politics/Elections; US: California
KEYWORDS: aeg; agreement; anschutz; approved; farmersfield; football; laconventioncenter; losangeles; nfl; sports; stadium
Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last
To: Teacher317

Aside from USC, the vicinity is a sh*thole. No sane white person except for the players themselves would go there. There’s a reason why the Dodgers have one of the 5 most drops in attendance and the Bryan Stow beatdown is just the tip of the iceberg.

Like I’m going to share my space with mexicans who boo the national anthem.


21 posted on 08/09/2011 3:55:20 PM PDT by max americana (FUBO NATION 2012 FK BARAK)
[ Post Reply | Private Reply | To 3 | View Replies]

To: cicero2k
For years the Spanos family has been trying to soak the taxpayers of San Diego for a replacement stadium — no deal. Mark Fabiani, former Bill Clinton butt-boy, current Spanos blowhole, and out-of-the closet homosexual, has been threatening such an outcome since 2002. If L.A. builds a new facility, those b@$t@rd$ will move the Chargers there in a New York minute.
22 posted on 08/09/2011 3:55:20 PM PDT by twister881
[ Post Reply | Private Reply | To 12 | View Replies]

To: EveningStar

ES any word who going be our NFL Team is the Oakland turn LA turn Oakland again turn LA Maybe Raiders or LA Chargers LOL!


23 posted on 08/09/2011 3:56:01 PM PDT by SevenofNine (We are Freepers, all your media belong to us ,resistance is futile)
[ Post Reply | Private Reply | To 7 | View Replies]

To: mgstarr

Well you could always take Metro link that what I would do they plan have special train go to Downtown LA


24 posted on 08/09/2011 3:57:22 PM PDT by SevenofNine (We are Freepers, all your media belong to us ,resistance is futile)
[ Post Reply | Private Reply | To 11 | View Replies]

To: NormsRevenge

Rams will move there


25 posted on 08/09/2011 3:57:26 PM PDT by demsux (Obama: THE job destroyer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: twister881

Well, they started in Los Angeles, and have a built-in fan base already, better than bringing the Jaguars there, there’s no history there.


26 posted on 08/09/2011 3:57:32 PM PDT by dfwgator
[ Post Reply | Private Reply | To 22 | View Replies]

To: dfwgator

GMTA.... :)


27 posted on 08/09/2011 3:58:04 PM PDT by CAluvdubya
[ Post Reply | Private Reply | To 17 | View Replies]

To: dfwgator
Los Angeles Chargers?

I think so.

Interesting enough, the Chargers played their first season in L.A. and then moved to San Diego.
28 posted on 08/09/2011 3:58:25 PM PDT by Ticonderoga34 (Free Obama's Birth Certificate!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: NormsRevenge

$1.2 Billion? Wait until the final bill comes in. I’ll bet it’s 3 times that.


29 posted on 08/09/2011 3:58:43 PM PDT by RC2
[ Post Reply | Private Reply | To 8 | View Replies]

To: PhilCollins
The Los Angeles Memorial Coliseum is a crumbling theater prop made in 1921 out of a giant oval made of dirt smeared with a thin veneer of antique cement.

Historic, but it needs to go bye-bye.

30 posted on 08/09/2011 3:59:26 PM PDT by The KG9 Kid
[ Post Reply | Private Reply | To 15 | View Replies]

To: demsux

I could see the Rams coming back, might be the best scenario of all. St. Louis has never been a football town. Everyone climbed on the bandwagon when they were good, but they still are a distant second to the baseball Cardinals in St Louis.


31 posted on 08/09/2011 4:01:55 PM PDT by dfwgator
[ Post Reply | Private Reply | To 25 | View Replies]

To: SevenofNine

I’m still waiting for my subway to the sea to whisk me from Santa Monica to downtown.

Of course by the time that happens, I’ll be too old to care (and not living here anymore).


32 posted on 08/09/2011 4:04:46 PM PDT by mgstarr ("Some of us drink because we're not poets." Arthur (1981))
[ Post Reply | Private Reply | To 24 | View Replies]

To: NormsRevenge

Debt from LA, LOL, only the rackets would take the risk.


33 posted on 08/09/2011 4:08:35 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: NormsRevenge

No you are the main driver, they will be tax exempt industrial revenue bonds. This is one tax give away loop hole that should be closed.


34 posted on 08/09/2011 4:11:03 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: PhilCollins
That coliseum has about 100,000 seats, and it hosted many Olympic events, in 1984.

Actually, it wouldn't matter if it had 200,000 seats. Without the luxury boxes/apartments and high rent fixtures, the NFL teams are not interested. The seats for the unwashed hoi polloi are not that important.

35 posted on 08/09/2011 4:14:50 PM PDT by DeFault User
[ Post Reply | Private Reply | To 15 | View Replies]

To: dfwgator
Los Angeles Chargers Recyclers works for me.
36 posted on 08/09/2011 4:18:56 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: The KG9 Kid
What a lovely stadium for the Green Bay Packers to crush the LA Raiders within like bugs.

Or even better the LA Vikings...
37 posted on 08/09/2011 4:19:21 PM PDT by Kozak ("It's not an Election it's a Restraining Order" .....PJ O'Rourke)
[ Post Reply | Private Reply | To 19 | View Replies]

To: EveningStar

I’m all for it as a UCLA alum. The USC football program has been put on a pedestal it does not deserve considering its track record of bad ethics. It’s about time it has some competition from the professional league. And even though a few Laker victory celebrations get out of hand, it really is wonderful to have teams that the whole city—with all its diverse residents and communities to truly unite behind. Long live L.A. :).

Er...the only thing I’m worried about is the traffic during the games LoL, but that’s always bad anyways.


38 posted on 08/09/2011 4:21:52 PM PDT by CondoleezzaProtege (Palin 2012)
[ Post Reply | Private Reply | To 7 | View Replies]

To: The KG9 Kid
What is the financial status of the old Coliseum?

Here in Indianapolis, we (taxpayers) currently owe about twice as much as it cost to build on the old Hoosier Dome. Which no longer exists. It was torn down to build the $700 million Lucas Oil Stadium.

The beauty of Democrats taking out second (and third) mortgages on muni buildings.

39 posted on 08/09/2011 4:26:42 PM PDT by nascarnation
[ Post Reply | Private Reply | To 30 | View Replies]

To: mgstarr

On that you going have wait another 10 to 15 years LA is weird they don’t really plan ahead


40 posted on 08/09/2011 4:27:55 PM PDT by SevenofNine (We are Freepers, all your media belong to us ,resistance is futile)
[ Post Reply | Private Reply | To 32 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson