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Old 09-28-2012, 08:34 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 07-24-2013, 11:00 PM   #121
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Old 07-24-2013, 11:01 PM   #122
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Roski's deal will never get approved. No one will drive to the City of Industry.

The only place that makes sense is the AEG complex next to Staples. There's a subway stop, tons of young people living downtown within walking distance, easy freeway access and lots of bars and restaurants nearby. Farmer's is already locked in for $20 million a year for naming rights.

The City of Industry is a steaming dump.
Indeed. What a SHIT-HOLE:

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Old 07-24-2013, 11:03 PM   #123
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You know something about the Rams?
Well they go to a year to year less in '14 or '15...St. Louis will need to get its act together soon. Could be the Jags, but the new owner just put a bunch of his money for stadium improvements in Jax.
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Old 07-24-2013, 11:07 PM   #124
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Interesting. The Benton County connections coming through.
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Old 07-24-2013, 11:12 PM   #125
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Indeed. What a SHIT-HOLE:
Do you realize that the City of Industry is 33 miles from Hollywood? Do you know how long that would take to travel on a typical Sunday morning, driving through downtown, let alone someone driving from Santa Monica, Manhattan Beach, Pac Palisades or Malibu?

You're talking 90 minutes to two hours. Hardly anyone that will be able to afford a ticket will drive for two freaking hours to City of Industry.

I'd rather catch the Amtrack, take a cooler of beer and go watch the Chargers.
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Old 07-24-2013, 11:14 PM   #126
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Old 07-24-2013, 11:15 PM   #127
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Do you realize that the City of Industry is 33 miles from Hollywood? Do you know how long that would take to travel on a typical Sunday morning, driving through downtown, let alone someone driving from Santa Monica, Manhattan Beach, Pac Palisades or Malibu?

You're talking 90 minutes to two hours. Hardly anyone that will be able to afford a ticket will drive for two freaking hours to City of Industry.

I'd rather catch the Amtrack, take a cooler of beer and go watch the Chargers.
I see your point.
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Old 07-24-2013, 11:16 PM   #128
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I don't know how anybody gets anywhere over there.
I honestly can not imagine a fate worse than living in the general Los Angeles area.
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Old 07-24-2013, 11:28 PM   #129
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Old 07-24-2013, 11:30 PM   #130
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I honestly can not imagine a fate worse than living in the general Los Angeles area.
Yeah, my life is awful.

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Old 07-24-2013, 11:31 PM   #131
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I work from home.

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Dane is gonna have to leave again after we draft Geno.

He faces monstrous backlash.
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Old 07-24-2013, 11:32 PM   #132
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Do you realize that the City of Industry is 33 miles from Hollywood? Do you know how long that would take to travel on a typical Sunday morning, driving through downtown, let alone someone driving from Santa Monica, Manhattan Beach, Pac Palisades or Malibu?

You're talking 90 minutes to two hours. Hardly anyone that will be able to afford a ticket will drive for two freaking hours to City of Industry.

I'd rather catch the Amtrack, take a cooler of beer and go watch the Chargers.
My guess is that the Hollywood, Malibu crowd isn't the target market for NFL teams. The City of Industry location is more centrally located to pull from Orange County and other LA suburbs.

If there were court-side tickets where they could get some camera time like Laker, soon to be Clipper games then yes. Otherwise, they will occupy a portion of the suites and club level and that is it.
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Old 07-24-2013, 11:37 PM   #133
DaneMcCloud DaneMcCloud is offline
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My guess is that the Hollywood, Malibu crowd isn't the target market for NFL teams. The City of Industry location is more centrally located to pull from Orange County and other LA suburbs.

If there were court-side tickets where they could get some camera time like Laker, soon to be Clipper games then yes. Otherwise, they will occupy a portion of the suites and club level and that is it.
It'll never happen in City of Industry. Ed Roski's been trying for years and years and nothing has changed.

Had Philip Anschutz not gotten all crazy last year, the deal was done. But he went nuts, decided to sell AEG, then decided NOT to sell AEG and instead, fired Tim Leiweke, the guy that made everything happen at Staples, L.A. Live, the Galaxy, etc.

At that point, the NFL owners took a pause. But if it's going to happen, it'll happen in DTLA. Or it won't happen at all.
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Old 07-24-2013, 11:40 PM   #134
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Old 07-24-2013, 11:55 PM   #135
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I don't think either location is going to work because of the finances. The NFL and the developer (Roski or AEG) want to take all of the increase in the value that the team will realize upon moving.

Let's say the Chargers are worth $800m in SD. If they move to LA their value goes up to $1.5b. The NFL wants a $500m relocation fee and the developer wants to buy in at a discount of $200m. At the end of the day Spanos owns a $800m portion of the Chargers.

Spanos is saying I will keep my $800m equity level in the Chargers. Sooner or later the city will combine a convention center with a new football stadium that the taxpayers will pay for and his equity rises to $1.1b and complete control of the team. SD is a corrupt city.

Oakland is a target. They would be smart to lease the Niners new stadium. Oakland can't afford the new stadiums to keep the Warriors from moving to SF, The A's to SJ (MLB should approve that move tomorrow for the best of baseball) and the Raiders to LA or Santa Clara.

The Rams are playing hardball with St Louie. They are a hockey baseball town that has to improve their stadium to keep the Rams. The Rams just won a big court case that keeps that improvement in tact.

LA is a great bargaining chip to make other cities pay up. I hope the Rams and the Chargers move to the City of Industry. I don't think it will happen until the NFL drops the relo fee.
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