Author Topic: Framework deal for downtown L.A. NFL venue is approved  (Read 2480 times)

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Framework deal for downtown L.A. NFL venue is approved
« on: August 11, 2011, 10:08:42 AM »

Pre-Season Football Starts Tonight..WOOOHOOO!

Not that sissy "Futbol" shit  :P


http://www.nfl.com/

Schedule at the top of the page



Nails

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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #1 on: August 11, 2011, 10:15:14 AM »
Not that sissy "Futbol" shit  :P


http://www.nfl.com/

Schedule at the top of the page






http://www.nfl.com/news/story/09000d5d82156236/article/framework-deal-for-downtown-la-nfl-venue-is-approved



Framework deal for downtown L.A. NFL venue is approved





LOS ANGELES -- The City Council on Tuesday approved a framework deal that would grant a private developer access to tax-free financing to help it build a 72,000-seat NFL stadium on the city's convention center campus.

The council's 12-0 vote set the stage for city leaders to later consider binding agreements with developer Anschutz Entertainment Group on the project's financing, leasing arrangements and other details.


"This is not the beginning of the end but perhaps the end of the beginning," Councilman Eric Garcetti said before the vote was taken.

The agreement anticipates the issuance of $275 million in tax-exempt bonds for the relocation of a convention center hall to accommodate the proposed $1.2 billion football venue. It would require AEG to extend a series of financial guarantees over the course of the project as a safeguard against shortfalls and other risks.

The council vote gives AEG officials the solid demonstration of city support that they said they needed in order to ramp up their efforts to secure a team at the planned stadium known as Farmers Field.

NFL spokesman Brian McCarthy said in a statement after the vote that the league was aware of the council vote and would continue to monitor all stadium developments in the Los Angeles area.

Sports management mogul Casey Wasserman, an early collaborator with AEG on the stadium proposal, praised the council's decision in a statement.

"This is a long process, but today marks a step forward in reaching our larger goal," he said.

The firm's stadium plan is one of two competing proposals to bring professional football back to Los Angeles some 16 years after the Rams and Raiders left the nation's second-largest market.

Warehouse magnate Ed Roski's Majestic Realty Co., which also hasn't yet secured a team, has permits in place to build a separate 75,000-seat stadium about 15 miles east of Los Angeles, in the city of Industry.

John Semcken, a Majestic vice president, said in a statement after the vote that its proposal would generate more money and jobs and be a better choice for the NFL.

"We are more active than ever and are currently working with the league, owners and teams to bring a franchise back to Los Angeles," he said.

The Los Angeles council members are set to take up the additional binding votes over the next nine months, with groundbreaking on the new venue possible as early as June.

Council members still would have a chance to ask AEG to help fund stadium infrastructure, such as its transit connections, and to establish job training programs as the binding agreements are considered, said Chief Legislative Analyst Gerry Miller, who led the city team that negotiated the framework deal.

"Until those final terms are accepted, you can change them," he said.



Teams that have called Southern California home
Years    Team    League
1926    Los Angeles Buccaneers    NFL
1940-45    Los Angeles Bulldogs    PCPFL
1940-42    Hollywood Bears    PCPFL
1943    Los Angeles Mustangs    PCPFL
1944-45    Hollywood Wolves    PCPFL
1946-1994    Los Angeles Rams    NFL
1946-49    Los Angeles Dons    AAFC
1960    Los Angeles Chargers    AFL
1967    Long Beach Admirals    Continental
1967-68    Orange County Ramblers    Continental
1974-75    Southern California Sun    WFL
1982-1994    Los Angeles Raiders    NFL
1983-85    Los Angeles Express    USFL
1988    Los Angeles Cobras    Arena
1996-97    Anaheim Piranhas    Arena
2000-09    Los Angeles Avengers    Arena
2001    Los Angeles Xtreme    XFL

Coach is Back!

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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #2 on: August 11, 2011, 10:19:40 AM »
Rumor has it the Chargers might be coming into the new stadium.

MORTALCOIL

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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #3 on: August 11, 2011, 10:22:22 AM »
Rumor has it the Chargers might be coming into the new stadium.

Rumor has it a charger might be coming into your new rectum.

ManBearPig...

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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #4 on: August 11, 2011, 10:23:15 AM »
Go Bears!

*waiting for Adonis to chime in how gay we all are for watching men in tights fondle each other, with Bob Chick quickly following and saying NFL's gayer than a bodybuilding stage*
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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #5 on: August 11, 2011, 10:39:32 AM »
Go Bears!

*waiting for Adonis to chime in how gay we all are for watching men in tights fondle each other, with Bob Chick quickly following and saying NFL's gayer than a bodybuilding stage*



Coach is Back!

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Re: Pre-Season Football Starts Tonight..WOOOHOOO!
« Reply #6 on: August 11, 2011, 10:42:38 AM »

Ron

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #7 on: August 11, 2011, 10:21:29 PM »

Oh they thought this out.... remove a convention hall that is huge to bring in 72,000 people at the same time they will have 18,000 at the Staples Center, with 4,000 people across the street at the Nokia.

There is NO room to park right now when these two are filled, along with the convention center.  Where is anyone going to park?

For the USC football games at the current football arena (Memorial), we have to park near the convention center and take a bus.

A nightmare will happen....

Coach is Back!

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #8 on: August 11, 2011, 10:25:13 PM »
They should have kept the venue in the City Of Industry like originally planned.

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #9 on: August 11, 2011, 10:28:52 PM »
Oh they thought this out.... remove a convention hall that is huge to bring in 72,000 people at the same time they will have 18,000 at the Staples Center, with 4,000 people across the street at the Nokia.

There is NO room to park right now when these two are filled, along with the convention center.  Where is anyone going to park?

For the USC football games at the current football arena (Memorial), we have to park near the convention center and take a bus.

A nightmare will happen....

They will rebuild a new convention center next to stadium, not to mention they have LA live there with night clubs, bars and restaurants, not to mention it's in downtown LA when before all this was already a nightmare to merge from the 110/101/5 freeways... Oh and dodger stadium is 3 miles away too... One reason I hate living in Burbank
 

2ND COMING

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2ND COMING

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #11 on: August 11, 2011, 10:30:26 PM »
Oh they thought this out.... remove a convention hall that is huge to bring in 72,000 people at the same time they will have 18,000 at the Staples Center, with 4,000 people across the street at the Nokia.

There is NO room to park right now when these two are filled, along with the convention center.  Where is anyone going to park?

For the USC football games at the current football arena (Memorial), we have to park near the convention center and take a bus.

A nightmare will happen....

Ron is a renaissance man, no doubt.

mass243

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #12 on: August 11, 2011, 11:21:18 PM »
Just saw this on BBC  ::)

G_Thang

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #13 on: August 12, 2011, 12:26:18 AM »
Not that sissy "Futbol" shit  :P


i played football, your REAL football for 6-7 yrs, but i haven't purchased a nfl ticket since who the fuck knows when, and the last game, fraud bowl, saints vs colts, i fell a sleep on it after the 1st qtr.

that being said, why the fuck would i pay 175$ to sit among a bunch of corp fat asses, because fans can't afford the tickets anymore vs going to Honduras vs Venezuela in South Florida for 25$



now, i understand you make your income by hustling kids' (who have football fantasies) folks, but don't dis the product which is loved by the world and is more affordable.

dov

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Re: Framework deal for downtown L.A. NFL venue is approved
« Reply #14 on: August 12, 2011, 03:55:22 AM »
Ari Gold making good on his word.