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 ...
Er...the only thing I’m worried about is the traffic during the games LoL, but that’s always bad anyways.
That being said the football program should be trained to give back to the community in some way and do lots of outreach. The program should not be confined to the whims of the good-ole-boys of the LA elite.
Er...the only thing I’m worried about is the traffic during the games LoL, but that’s always bad anyways.
That being said the football program should be trained to give back to the community in some way and do lots of outreach. The program should not be confined to the whims of the good-ole-boys of the LA elite.
The Chargers played only their first season in 1960 in L.A., and then moved to San Diego, 51 years ago! There is no Chargers fan base in L.A. In fact Los Angeles fans hate San Diego teams. The black gangstas and Hispanic gangs of L.A. love the Raiders because of their pirate image. If the Chargers move to Los Angeles, they'll suck and draw fewer fans, just like the Clippers (who moved there when San Diego refused them a new arena).
They’re gonna convert USC to a pro team???
unlikely, the players would not agree to the pay cut
Isn’t this the same county that built a billion dollar high school and is now too broke to open it ?
Good questions.
And why are there all new street signs in all four directions on every street corner in Anaheim?
Why is there road construction being done on roads that could have gone a few more years?
Why are there new Chase banks being built all over Orange County?
Why is almost every kid at the local high school is getting free breakfast and lunch, and, if pregnant, free prenatal care and daycare?
The only people Obama has kept working are the union people who sold their souls to him: construction, infrastructure, educators, bankers. Everyone else I know in SoCal is struggling, especially independent small business owners.
Get them the H#LL out of GIANTS STADIUM!
I wished that Farmers Field is a retractable roof stadium. With good reason: that will make it possible to attract the NCAA Division 1A Men’s Final Four basketball tournament, and that could mean a huge boost for the local economy.
It’s a good thing California is overflowing with cash to be able to afford needed items like this! Um... Wait... I thought they were broke and eating cat food?
Well, this makes it easy for al Qaeda to know where to set off the dirty bomb.
But the Coliseum has no fancy boxes! No comfy seats!
“That being said the football program should be trained to give back to the community in some way and do lots of outreach. The program should not be confined to the whims of the good-ole-boys of the LA elite.”
Hush your mouth! :). Seriously, that is what I fear most of all. Luxury boxes for the very rich, and a ton of cheap or free seats for the illegals. Crap for the middle class families.
What about the proposed NFL complex in the City of Industry, called “Grand Crossing”?
Rumors have had the aforementioned Raiduhs, Dolts, along with the Viqueens, Bills and Jags all threatening to move.
Rumor around SO CAL could be Chargers who come to LA I rather have Chargers than Raider back LOL! I am Raider fan going back day of LA Coliseum
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