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Latest L.A. proposal for NFL stadium has a roof ..

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  • Latest L.A. proposal for NFL stadium has a roof ..

    By Sam Farmer
    April 16, 2010 | 9:20 p.m.

    The latest concept for an NFL stadium in downtown Los Angeles — a $1-billion venue next to Staples Center — has, The Times has learned, something none of its scuttled predecessors had.

    A ceiling.

    Although that might seem like a minor distinction, proponents of that project say that a retractable roof would greatly enhance the versatility of the building, making it ideal for major sporting events such as the Final Four, championship title fights, and all sorts of national conventions.

    Influential businessmen Casey Wasserman and Tim Leiweke are investigating the possibility of developing a privately financed stadium where the convention center's West Hall sits. That would serve as the cornerstone of AEG's sprawling sports and entertainment district, a so-called campus that already includes Staples Center, LA Live, and a just-constructed 1,000-room hotel.

    Wasserman approached Leiweke with the idea last October, touting the site as the most viable and interesting solution for a region that has struggled to find both.

    "This is just thinking right now," said Leiweke, AEG's president and chief executive. "It's saying, ‘If we're going to invest this kind of time and money anyway — even if it doesn't cost taxpayers a dollar — shouldn't we think about the other uses if we had a roof to cover it?'"

    The vision is that the complex would not only be the quintessential site for Super Bowls but also could play host to the Pro Bowl; the NFL draft (alternating years with New York); the scouting combine (alternating years with Indianapolis); and the finals of the World Cup in 2022. The NFL has made it clear that any new stadium in Southern California should be able to accommodate two teams, leaving open the possibility that the primary tenant could one day share the venue.

    The backers believe L.A. would be the ideal spot for virtually every major convention, which could use the stadium along with supplemental space added to replace the West Hall (roughly 14 acres). That's sufficient space to fit the structure of any current NFL stadium.

    "This is the final piece to the downtown puzzle," said Wasserman, founder and chief executive of Wasserman Media Group. "It's the only chance for the city to benefit from the economic power of a stadium of this caliber."

    Backers say a stadium of this magnitude would have unparalleled revenue streams from a variety of sources, among them naming rights, suites, Super Bowls and seat licenses that would pay for the facility in similar fashion to its neighboring Staples Center.

    Buying a team would cost about $1 billion more, but that wouldn't necessarily be required if a franchise relocated with the same owner.

    The city owns the convention center, and the support of the mayor and City Council would be essential to the downtown project. There is precedent for such a transaction, however, as Staples Center was built on the site of the convention center's North Hall.

    Mayor Antonio Villaraigosa, who counts Leiweke and Wasserman among his longtime political supporters, was unavailable to comment on the proposal. A spokeswoman for the mayor also declined to comment. Councilwoman Jan Perry, whose district includes Staples Center and LA Live, said she was unaware of any new proposal to build a new football stadium in downtown Los Angeles.

    Calling the pursuit of a stadium daunting is an understatement. A long list of business leaders — some of them billionaires — have tried and failed to bring the NFL back to the nation's second-largest market.

    What's more, the downtown bid would put Wasserman and Leiweke in direct competition with developer Ed Roski, who already has an entitled and shovel-ready piece of land in City of Industry to build a football stadium. There is only room for one such project in the L.A. area, and the Industry group is at least a year ahead of any other because it has clearance to build.

    However, no one is going to build a stadium without team, and the league is not going to entertain the possibility of a team relocating before the labor dispute is resolved. The current collective bargaining agreement expires in March 2011, and owners want players to participate in paying off the enormous cost of stadiums.

    All signs point to it being at least a year before any project gets the kind of traction needed to move forward, which gives the downtown concept time to catch up.

    This isn't the first downtown proposal by Wasserman and Leiweke. Eight years ago, they touted building a stadium in South Park, also near Staples Center. They pulled out of that plan, however, when the Coliseum Commission vowed to make its own bid to land an NFL team.

    Times have changed, though. The Coliseum has a long-term deal with USC, and the commission is no longer pursuing pro football.

    "We're married to USC," Coliseum General Manager Pat Lynch said. "They have a seat at the table if we ever talk NFL, so we're not talking about the NFL. I haven't been approached by the NFL.

    "We're not active, so therefore the door's open for these other sites."

  • #2
    Re: Latest L.A. proposal for NFL stadium has a roof ..

    With AEG involved what could go wrong? :|


    Related Topics


    • r8rh8rmike
      L.A. Stadium Proposal Looks Like A No-Go For The NFL
      by r8rh8rmike
      Sources: AEG's downtown L.A. stadium proposal looks like a no-go for the NFL

      Jason Cole
      Yahoo Sports
      17 hours ago

      As people in Los Angeles await word on the sale of the Anschutz Entertainment Group, the NFL doesn't sound too enthusiastic about the firm's plan to build a downtown stadium.

      Less than six months after the L.A. city council voted unanimously to support AEG's plan, the concept is essentially dead to the NFL, according to two sources. The problems with the plan are numerous, but the most essential one is the economics.

      AEG's proposed NFL football stadium, to be named Farmers Field, is depicted next to Staples …"The numbers just don't work, no matter how you look at the deal," a league source said in February. "It's either too hard for AEG to make money [and pay the debt on the stadium] or too hard for the team. I just can't see a way for it to work."

      Officially, a league spokesman said Monday that the NFL is still tracking what AEG is trying to do.

      "We continue to monitor the AEG situation and remain interested in multiple sites in the Los Angeles area," NFL spokesman Brian McCarthy said in a statement.

      Unofficially, the NFL believes that the cost of the AEG plan, which the league believes will be at least $1.8 billion, will make it unworkable.

      AEG has been hoping to build a stadium on space that currently occupies the convention center and is across the street from the Staples Center/L.A. Live complex in downtown. The plan includes renovation of the convention center. While the league had been intrigued by the idea for a couple of years, the economics and the cramped conditions that would come with shoe-horning a stadium into that area would leave the site unacceptable for what the NFL wants and needs to be successful when it returns to the city.

      "I think there are many major, if not fatal, flaws in the AEG plan and it's surprising the Los Angeles political leadership has not picked up on it from the NFL," said Marc Ganis, president of Sports Corp and a man who served as an adviser to both the Rams and the Raiders when those teams relocated from Los Angeles.

      Ganis, who also explained that the downtown site is not necessarily the problem, went on to say: "The focus on the sale of AEG has stalled the chance for people in the area to view potential other sites and opportunities. … If Los Angeles leaders don't move on to look at other options it will only delay the return of the NFL to Los Angeles further, possibly even years longer."

      AEG spokesman Michael Roth declined to respond to Yahoo! Sports regarding comments by the league source and Ganis. However, AEG has remained in contact with members of the NFL committee charged with overseeing the possible relocation of a team to Los Angeles. In addition, AEG...
      -03-05-2013, 10:02 AM
    • r8rh8rmike
      Thomas: Kroenke's LA Stadium Plan Again Comes Under Fire
      by r8rh8rmike
      Kroenke's LA stadium plan again comes under fire

      37 minutes ago • By Jim Thomas

      Less than a week after a report warned that Stan Kroenke's proposed stadium in Inglewood, Calif., would be vulnerable to terrorists due to its proximity to Los Angeles International Airport, another report was made public Tuesday regarding overall safety concerns of having the stadium built so close to flight paths into LAX.

      The reports have one thing in common: they were both commissioned by AEG, the sports and entertainment firm trying to get an NFL stadium built in downtown Los Angeles, and thus a rival of the Inglewood plan put together by Rams owner Kroenke.

      Unlike the earlier terrorism report which was authored by Tom Ridge, the former Secretary of Homeland Security, the latest report was done by Mark Rosenker, former chairman of the National Transportation Safety Board.

      According to the Rosenker report, approaching aircraft could be as little as 300 feet above the Inglewood stadium, potentially dangerously close for the safety of the plane as well as fans in the stadium on game day.

      Two east-west runaways are about 2½ miles from the proposed stadium site, both on flight paths that would head over the stadium or near the stadium.

      As many as 68 flights per hour could fly over the stadium at LAX, one of the nation's busiest airports. Safety concerns aside, Rosenker said the noise of distractions from a plane flying over the Inglewood site every 2 minutes could greatly diminish fan enjoyment of the game.

      In addition, having pregame flyovers, or a blimp above the stadium during the game would be difficult given the flight paths and congestion at LAX.

      "So you're in the area where you're going be in the last phase of flight before you're gonna be touching down," Rosenker said.

      "To put an NFL stadium which will house as many as 80,000 people in a concentrated area — there are better places, much better places to put a stadium than in the flight path of a major airport."
      -03-03-2015, 02:17 PM
    • ramsanddodgers
      Rams Stadium passes $4 Billion
      by ramsanddodgers
      This new Los Angeles Rams stadium better be good.

      We know it will be expensive, to a record level. Sports Business Journal reported that costs for the new stadium in Inglewood have passed $4 billion. You read that right.

      Stadium costs have gone way up through the years, but no other stadium in the United States has come anywhere close to this. SBJ said the most expensive stadium previous to this was MetLife Stadium in New Jersey, and that cost $1.7 billion. The Raiders’ new stadium in Las Vegas is expected to cost more than $2 billion. That’s still less than half of what the Rams stadium, which will also be used by the Los Angeles Chargers, will cost. Cost keeps rising

      When Rams owner Stan Kroenke first got approval to move his team from St. Louis to Los Angeles, his proposed stadium was slated to cost $2.3 billion, SBJ said. That would have been the most expensive stadium in U.S. sports. About $2 billion has been added onto the cost since then.

      In March, the Los Angeles Times reported the price had crept to about $3 billion. Sports Business Journal said the price is now an estimated $4.25 billion. SBJ cited sources that were involved in a bank meeting on May 4 to arrange a $2.25 billion loan. What is costing so much?

      The stadium project always had big expectations. It was designed to be an enormous complex, designed to be an entertainment district as well as host big events like Super Bowls.

      The extra costs, in part, come from ensuring the stadium can withstand an earthquake, SBJ reported. There have also been other costs like access roads and utilities that are adding to the price tag.

      That $4.25 billion figure doesn’t even include the entire complex. It does include a 6,000-seat amphitheater, SBJ said, but not retail space and commercial development or a new NFL Network headquarters. When all that is included, the total project cost could exceed $5 billion, Sports Business Journal said. Kroenke has $1.6 billion invested

      SBJ broke down the investment in the stadium as $2.25 billion for various banks, $1.6 billion for Kroenke and $400 million from the NFL’s stadium financing fund. The Chargers will also pay off a portion of the debt costs, SBJ said.

      Kroenke’s investment “is unprecedented,” a banker told Sports Business Journal.

      SBJ explained how the Rams will pay down the debt — they’ll use the bank credit as construction advances, and use personal seat license fees to pay down the debt — but SBJ said the interest alone could be more than $50 million a year.

      The stadium’s opening was already delayed a year due to weather issues. Once the stadium does open in 2020, it will be among the best stadiums in all of sports, and there’s a good chance it will top that list. But until that first Rams game in the new park, Kroenke is probably hoping another billion or so isn’t added onto the price tag.

      Frank ...
      -05-21-2018, 10:33 PM
    • RamBill
      Would The Rams Pay For Their Own Stadium?
      by RamBill
      (KPLR)– What’s next for the Rams? The city says it will reject an arbitrator’s ruling in favor of the Rams about upgrading the dome.

      So the next step is likely talks over a new stadium. But since taxpayer funding is unlikely would the Rams be willing to stay if they have to pay for their own stadium?

      The arbitrators ruled that it would take $700 million in taxpayer-funded changes to make the dome among the NFL’s top stadiums. So would that mean talks over a new Rams stadium? If so, where would it be? And who would pay for it? Or might the Rams head back to Los Angeles in 2015?

      Watch Stadium Story
      -02-04-2013, 11:02 PM
    • r8rh8rmike
      Study Warns About Inglewood Project
      by r8rh8rmike
      Study warns about Inglewood project

      February, 27, 2015 news services

      LOS ANGELES -- A report commissioned by the developer of a downtown Los Angeles football stadium warns that a rival project nearby could be a potential terrorist target because of its proximity to Los Angeles International Airport.

      The report was released Friday at a time when several potential stadium projects are competing to bring an NFL team to Southern California, two decades after the Rams and Raiders exited.

      The 14-page report was commissioned by Anschutz Entertainment Group, which wants to build a stadium in downtown Los Angeles. A development venture linked to St. Louis Rams owner Stan Kroenke has proposed a stadium in Inglewood, about 10 miles from downtown.

      The report by former Homeland Security Secretary Tom Ridge finds that constructing an 80,000-seat stadium in Inglewood -- as close as 2.5 miles from an airport runway -- "materially increases the risk of a terrorist event."

      Ridge concluded that in a world in which terrorism is a recognized threat, "the peril of placing a National Football League stadium in the direct flight path of (the airport)" ... outweighs whatever benefits it would bring over its lifespan.

      The Hollywood Park Land Co., which is developing the Inglewood site, declined comment.

      AEG told the Los Angeles Times, which first reported the study, that "we have been working diligently and in good faith ... to advance NFL discussions while also exploring plans for other development alternatives around the LA Live campus."

      According to the Times, the league took no position on the study.
      -02-28-2015, 08:35 AM