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January 7, 2015

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Rams owner plans for LA stadium

THE St Louis Rams owner plans to build an 80,000-seat stadium in the Los Angeles suburbs, boosting the chances of an NFL team returning to the region.

Stan Kroenke has partnered with Stockbridge Capital Group, owners of the 238-acre Hollywood Park site in Inglewood, on the edge of LA.

They say they plan to add a stadium and 6,000-seat performance venue to a massive retail, office, hotel and residential development planned for the site of a former horse track.

“This is a perfect location for a venue like this,” said Christopher Meany, a senior executive for the joint venture, Hollywood Park Land Co, alluding to its proximity to freeways, Los Angeles International Airport and The Forum, the former home of the NBA’s Los Angeles Lakers. “I don’t know of a place that compares to this.”

Meany was cautious not to characterize the stadium as an NFL venue, emphasizing that any decision on moving a team is “entirely in the hands of the NFL.” He referred to the stadium as “multipurpose,” also capable of hosting soccer games.

The racetrack shell would need to be leveled, and stadium construction is not expected to begin before late this year. The development hinges on approval by local voters, Meany said.

It is the latest of numerous Los Angeles-area NFL stadium proposals over two decades. But Kroenke’s move marks the first time an existing team owner has controlled a local site large enough for a stadium and parking, according to the Times.

The plan will add to pressure on St Louis to either strike a deal for a new stadium or watch the team return to southern California, where it played from 1946 to 1994.

The Rams can choose later this month to convert to a year-to-year lease in St Louis.

The team declined to comment on plans to move, but it’s no secret that it is unhappy in the Edward Jones Dome, which is outdated by NFL standards.

St Louis is expected to offer a new proposal this month.

Missouri governor Jay Nixon said that “St Louis is an NFL city and I am committed to keeping it that way.”




 

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