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Los Angeles greenlights $1.2 billion football stadium
Reuters ^ | 9-28-12 | Ronald Grover

Posted on 09/28/2012 8:08:53 PM PDT by dynachrome

The Los Angeles City Council on Friday approved a $1.2 billion plan to build a downtown football stadium, moving America's second most populous city closer than it's been in nearly two decades to having a professional football team.

Council members voted unanimously in favor of the Anschutz Entertainment Group's proposal to erect the 72,000-seat stadium in the city's downtown core. It will be named "Farmer's Field." AEG, controlled by billionaire Phil Anschutz, is up for sale but an agreement with the city will require its new owners to take up the stadium project.

(Excerpt) Read more at reuters.com ...


TOPICS: Culture/Society; News/Current Events; US: California
KEYWORDS: california; football; losangeles; stadium
Bend over taxpayers! (those of you who are left)
1 posted on 09/28/2012 8:09:03 PM PDT by dynachrome
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To: dynachrome

LOl Bankrupt city


2 posted on 09/28/2012 8:12:24 PM PDT by scooby321 (AMS)
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To: dynachrome

Los Angeles doesn’t need an NFL team. We have two excellent college teams—the Occidental College Tigers and the USC Trojans.


3 posted on 09/28/2012 8:15:54 PM PDT by Fiji Hill (Deo Vindice!)
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To: dynachrome
Exactly! What few taxpayers are left are not going to support this as well as all the free loaders they're supporting now.
4 posted on 09/28/2012 8:17:00 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: dynachrome
Every other team better get their new taxchump paid stadiums quickly. Once LA has a team the biggest threat will be "Build us a stadium or we move to Portland," and that just isn't as frightening as threatening to move the team to LA.

(Portland, Oregon is the largest metropolitan area without an NFL team in easy driving distance)

5 posted on 09/28/2012 8:18:41 PM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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To: dynachrome

This is twice the price of the high school that they built just a few years ago.


6 posted on 09/28/2012 8:21:57 PM PDT by ansel12
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To: dynachrome

If you build it they will come ........... and go.


7 posted on 09/28/2012 8:24:05 PM PDT by Uncle Chip
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To: Uncle Chip

It will be the Los Angeles Jaguars. Goodbye Jacksonville.


8 posted on 09/28/2012 8:28:04 PM PDT by henkster (With Carter, the embassy staff was still alive.)
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To: Fiji Hill

You already have a professional football team; the aforementioned Trojans.


9 posted on 09/28/2012 8:28:59 PM PDT by henkster (With Carter, the embassy staff was still alive.)
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To: dynachrome

Umm... isn’t this the same California that is still juggling solvency?


10 posted on 09/28/2012 8:34:23 PM PDT by TheBattman (Isn't the lesser evil... still evil?)
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To: Fiji Hill

Have the USC Trojans ever faced the Oregon State Beavers? Just wondering.


11 posted on 09/28/2012 8:35:03 PM PDT by fhayek
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To: jazusamo

This will be a privately funded stadium, although some taxpayer money would probably have to go into improvements around the stadium.

Even the idiots in LA County know a public owned stadiums are a waste of money. See Memorial Coliseum, Sports Arena, Rose Bowl, and Long Beach Arena.


12 posted on 09/28/2012 8:35:07 PM PDT by chrisinoc
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To: KarlInOhio
They are doing that in St Louis with the Rams. The Rams billionaire owner wants the city to update the 17 year old stadium for $700,000,000. City countered with $140,000,000 in updates. It's now in arbitration.

The city can't afford police on the streets much less 140 million. The games bring little to no revenue to the city or the businesses down there just the prestige of an NFL team. Try taking that to the bank.

The Rams with this news may be headed back to LA and St Louis won't miss them.

13 posted on 09/28/2012 8:40:40 PM PDT by Uncle Chip
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To: dynachrome
AEG executives say they plan to lure a National Football League team to anchor the new stadium. The St. Louis Rams and Oakland Raiders are among teams expected to be contacted.

Sounds like a great idea; the LA Raiders II and the LA Rams III....worked real good when they tried it before.

But it'll make for a great soccer field.

14 posted on 09/28/2012 8:41:02 PM PDT by norton
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To: dynachrome

Of course it will require kicking a few people out of their homes and business. But no billionaires will be harmed by this construction.


15 posted on 09/28/2012 8:42:11 PM PDT by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: dynachrome
$1.2 BILLION... for EIGHT GAMES A YEAR!!!
16 posted on 09/28/2012 8:52:47 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: fhayek
Have the USC Trojans ever faced the Oregon State Beavers? Just wondering.

The Trojans have played both the Oregon State Beavers and the Cal Tech Beavers.

17 posted on 09/28/2012 8:53:23 PM PDT by Fiji Hill (Deo Vindice!)
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To: dynachrome
The vote was overshadowed by the recent announcement that AEG was seeking a new owner, though company officials have assured City Hall the stadium plan will remain the same, even if the company changes hands.

If this is such a great deal then why sell it???

AEG, ... has deep ties to City Hall.

Ya think???

18 posted on 09/28/2012 9:00:42 PM PDT by Uncle Chip
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To: dynachrome

Insane.

Like starving people borrowing money to buy souvenirs instead of food.

Surely this can’t go on for very much longer.


19 posted on 09/28/2012 9:13:11 PM PDT by Sequoyah101
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To: dynachrome
Football is soo over. Costs too much to attend. Business is too arrogant. Lawsuits for head injuries and others that will surly follow will impose almost fatal financial harm. The imminent financial collapse of America will finish the job. At least for a while.
20 posted on 09/28/2012 9:13:30 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: Nuc 1.1
It will be privately financed, go broke in 5 years, then revert to tax payers, to pay it off.
21 posted on 09/28/2012 9:25:06 PM PDT by BooBoo1000 ("The plans I have for you are plans to prosper you.,not to harm you, Plans to give you hope)
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To: chrisinoc
Oh, but "luxury boxes" PAY for everything!

Seriously you could make an entire stadium luxury boxes, and it wouldn't matter a whit as far as profitablity.

22 posted on 09/28/2012 9:37:06 PM PDT by boop (It's not personal...it's strictly business)
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To: count-your-change
Most of the land will come from destruction of part of the publically owned LA Convention Center, no big loss. Very few people (mostly transients) live in the area and most businesses that are affected would prefer to be out of there anyway.
23 posted on 09/28/2012 9:48:29 PM PDT by chrisinoc
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To: dynachrome

There are massive areas of US cities that need to be leveled and replaced with sports/anything stuff.


24 posted on 09/28/2012 9:52:49 PM PDT by Monty22002
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To: dynachrome

It’ll be perfect for World Cup Soccer. Angelinos won’t be interested in the NFL any more than the used to be when they had two teams.


25 posted on 09/28/2012 10:09:16 PM PDT by newzjunkey (Osama's dead... and so is our ambassador - Coulter.)
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To: fhayek

How about the South Carolina Gamecocks facing the Oregon State Beavers? That is one game the NCAA does NOT want to be played.


26 posted on 09/28/2012 10:16:42 PM PDT by getarope (I have come here to chew bubble gum and kick ass, and I am all out of bubble gum!)
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To: dynachrome

Goodbye Chargers.


27 posted on 09/28/2012 10:16:56 PM PDT by Cyman
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To: TheBattman

This is an LA thing, not a California thing. If state generated funds
aren’t to be used for the new Niner stadium in Santa Clara then
we won’t let LA build a stadium on our dime either.


28 posted on 09/28/2012 10:37:27 PM PDT by Sivad (Nor Cal Red Turf)
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To: henkster

The Chargers will move back to LA.


29 posted on 09/28/2012 10:42:54 PM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: Uncle Chip

700 million should be a new stadium, not paint on an old one. What do the Rams need? 8 games a year, 2 play offs if lucky, maybe a Super every 10.

Some one needs to say no


30 posted on 09/28/2012 11:24:10 PM PDT by reefdiver (zer0 One and Done)
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To: reefdiver

Before the bonds are paid off on the new one, The NFL will be back looking for another tax payer financed multi million dollar “renovation”

This has to stop


31 posted on 09/28/2012 11:28:25 PM PDT by reefdiver (zer0 One and Done)
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To: reefdiver
900 million would build a state of the art new one in the burbs. Many believe that they just want out of their lease to move back to LA. We'll see.

The city negotiated a bad deal with the Rams. They get the revenue from everything -- even the parking and are on the hook for nothing. The city makes more money from events held when the Rams are away and in the off season. And -- one of their home games every year is played in London.

32 posted on 09/29/2012 5:02:02 AM PDT by Uncle Chip
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To: dynachrome

Football cost money. In the near future money will be in short supply.

My prediction: If built, this stadium will, in the not too distant future, resemble the coliseum of Rome.

Bread & circus - we need to keep the masses occupied.

Gladiators - they’re coming...


33 posted on 09/29/2012 5:37:28 AM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: jonno

<>If built, this stadium will, in the not too distant future, resemble the coliseum of Rome.<>

You mean like this one:

http://en.wikipedia.org/wiki/Los_Angeles_Memorial_Coliseum


34 posted on 09/29/2012 6:01:31 AM PDT by Uncle Chip
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To: fhayek

Have the USC Trojans ever faced the Oregon State Beavers? Just wondering.


I have long searched for an actual headline I recall seeing in the Portland newspaper sports section 10-20 years ago: “Trojans Pull Away From Beavers”


35 posted on 09/29/2012 10:26:18 AM PDT by Atlas Sneezed (Hold My Beer and Watch This!)
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To: KarlInOhio
Portland, Oregon is the largest metropolitan area without an NFL team in easy driving distance

Karl, if you live in Los Angeles and want to watch a live NFL game, you'll have to drive to either San Diego or Oakland to see one. Neither destination is exactly 'easy driving distance'.

By the way, the former Los Angeles Rams abandoned the city for Anaheim, California, after the city of L.A. refused to build them a modern football stadium. Owner Georgia Frontiere later moved the team from Anaheim, CA to St. Louis, MO.

Before that move, the Oakland Raiders moved to Los Angeles, and played in the city's ancient L.A. Coliseum. Eventually, they too, demanded a new taxpayer funded stadium, but the city fathers again said, 'no'. They then hot footed back to Oakland, leaving L.A. without a team to this day.

36 posted on 09/29/2012 1:07:09 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier
Karl, if you live in Los Angeles and want to watch a live NFL game, you'll have to drive to either San Diego or Oakland to see one. Neither destination is exactly 'easy driving distance'.

Sloppy on my part. I meant after LA gets a team, but the idea didn't get from my head to my fingers.

I was excluding some other major cities like San Jose, CA and Columbus, OH which that would never get teams because they are too close to other cities that already have teams.

I've often stated that the NFL is perfectly happy with LA not having a team because they can use it to threaten other cities into building stadiums. I don't know how many times the name Los Angeles Bengals was used during the tax levy drive to pay for new stadiums. Once LA gets a team, that threat goes away and a lot of teams will be told that their current stadiums are good enough.

37 posted on 09/29/2012 5:24:10 PM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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