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Old 09-28-2012, 07:34 PM  
TinyEvel TinyEvel is offline
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Los Angeles City Council approves NFL Stadium

http://www.nfl.com/news/story/0ap100...headline_stack

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LOS ANGELES -- Los Angeles took a major step Friday toward building a downtown stadium to lure an NFL team back to the nation's second most populous city, despite questions about how a 72,000-seat venue in the city's urban core would impact notorious freeway traffic, nearby housing prices and air quality.


The 12-0 vote by City Council came after starkly contrasting predictions about what the $1.5 billion project would mean for an economically troubled city that has fretted over the loss of professional football since the Raiders and Rams fled Southern California in 1994.

Supporters said the deal with developer Anschutz Entertainment Group would create thousands of jobs, a hub of civic pride and new tax dollars for cash-starved City Hall, while critics warned that affordable housing would vanish in the neighborhood while traffic would come to a virtual standstill on game days.

Mayor Antonio Villaraigosa said in a statement after the vote that it demonstrates "what we can accomplish when the city family joins together with private partners in a transformational development."

"This is truly a game changer for Los Angeles," Villaraigosa said.

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.

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The biggest question about the stadium is the most obvious: There's no one to play in it. But the Democratic mayor and other supporters hope the agreement will eventually attract a team - or two - to one of the nation's most lucrative media markets.

AEG, also the owner of Los Angeles' Staples Center arena and the NHL's Los Angeles Kings, has deep ties to City Hall. Any deal to buy the company, a subsidiary of Denver-based Anschutz Co., would mean a major shift in sports and entertainment in the region and around the world.

AEG's holdings include pro soccer's Los Angeles Galaxy, part-ownership of the NBA's Los Angeles Lakers, and major entertainment and real estate holdings in downtown Los Angeles. Outside the city, AEG owns Major League Soccer's Houston Dynamo and all or part of several arenas around the U.S. and in Sweden, China and Australia.

The project, which calls for the renovation of an adjacent convention center, is facing a lawsuit filed by anti-poverty and environmental activists that some predict could delay or derail plans for the stadium, known as Farmers Field. The activist group, Play Fair at Farmers Field Coalition, is challenging a state law intended to help swiftly resolve legal challenges to the stadium, and it also wants AEG to pay $60 million toward affordable housing in the long-struggling downtown neighborhood.

There are some risky assumptions. In a city where everyone drives, planners predict many fans will leave their vehicles at home and travel to the stadium by bus or rail.

A rival group, Majestic Realty, has proposed building a stadium in the City of Industry, outside Los Angeles.

AEG is hoping to have an NFL team on the field by the 2017 season. The company has pledged about $35 million to reduce traffic problems.
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Old 09-29-2012, 01:01 PM   #31
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Old 09-29-2012, 01:03 PM   #32
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Old 09-29-2012, 01:19 PM   #33
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Old 09-29-2012, 01:30 PM   #34
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That is stupid as hell for a cash strapped state/city

No new good permanent jobs will be created, just vendor jobs, everyone else will be a transplant.

The city will be spending all that jack for a owner to come in practically free. If a team knew it would reap profits it would build its own stadium jones style.

City will not see a real payback for decades with the breaks they will give, and by then the owner will upgrades.

Now, if the city is allowed to purchase the team. It would work. But that will never be allowed to happen.
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Old 09-29-2012, 01:35 PM   #35
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That is stupid as hell for a cash strapped state/city

No new good permanent jobs will be created, just vendor jobs, everyone else will be a transplant.

The city will be spending all that jack for a owner to come in practically free. If a team knew it would reap profits it would build its own stadium jones style.

City will not see a real payback for decades with the breaks they will give, and by then the owner will upgrades.

Now, if the city is allowed to purchase the team. It would work. But that will never be allowed to happen.
The city isn't paying a dime. It's all privately financed by AEG.
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Old 09-29-2012, 01:36 PM   #36
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Old 09-29-2012, 01:53 PM   #37
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The new stadium is going up near where Biggie Smalls was killed. Not a good area.
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Old 09-29-2012, 01:55 PM   #38
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The city isn't paying a dime. It's all privately financed by AEG.
The city will be paying. Aeg will include a stipulation to where if a certain criteria of attendence is not met the city pays.

How else do they make money other then a percentage for the stadium and what goes on there? The only other thing I can think of is owner paying leasing, but is that enough to recoup 1.5billion?

The owner will get all the money for the team and merch. I guess they can split concessions. But that still
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Old 09-29-2012, 02:00 PM   #39
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Won't happen in LA because no one gives a $3it.

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Old 09-29-2012, 02:02 PM   #40
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Won't happen in LA because no one gives a $3it.

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Oh, it's happening.
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Old 09-29-2012, 02:02 PM   #41
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Old 09-29-2012, 02:22 PM   #42
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My order:

1. jaguars
2. Chargers
3. Bills
4 Rams

Just looking at teams with low fan base and bad stadium set ups.


The move would come with a name change unless the Chargers move-sentimental AFL reasons.


But as for adding a new team-there is not enough talent to add a team

then we are talking division re-alignment again
The jaguars have a new owner and aren't going anywhere.

Oakland seems like the most likely candidate.
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Old 09-29-2012, 02:24 PM   #43
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The LA team should offer a discount if you get there in time for kickoff.
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Old 09-29-2012, 03:03 PM   #44
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Move the Chargers up here, then I have a shorter ride to see the Chiefs when they come out.

Downtown traffic wouldn't be any different than when there's a Lakers game. the article is reaching.
I don't pretend to have a clue about the area, as I only go out there once a year.

But from what I read, the Staples center holds 19k, why wouldn't 72k be a bigger problem?
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Old 09-29-2012, 03:16 PM   #45
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Originally Posted by Valiant View Post
The city will be paying. Aeg will include a stipulation to where if a certain criteria of attendence is not met the city pays.

How else do they make money other then a percentage for the stadium and what goes on there? The only other thing I can think of is owner paying leasing, but is that enough to recoup 1.5billion?

The owner will get all the money for the team and merch. I guess they can split concessions. But that still
You don't know what you're talking about, whatsoever, so why do you feel the need to chime in with bullshit statements?
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