Los Angeles Endorses Framework for NFL Stadium Deal

LA officials endorse framework deal for NFL venue.
August 05, 2011

 

A Los Angeles council committee voted Wednesday to endorse a tentative framework agreement with a private developer that wants to build a 72,000-seat NFL stadium on the city's convention center campus.

The 4-0 vote by members of the council's special temporary committee on stadium-related issues sends the non-binding memorandum of understanding with Anschutz Entertainment Group to the full council for a final vote next week.

Councilman Bill Rosendahl said before the vote was taken that the agreement was the result of tough negotiations with AEG, which had originally proposed a plan that would have required the city to take on more risk.

Full story.

         
 

RELATED ARTICLES FROM BD+C

Comments on: "Los Angeles officials endorse framework for stadium deal"