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March 4, 2009
Plan for Industrial City football stadium wins approval
LOS ANGELES
Council members in Industry City have unanimously approved a proposal to build pro football stadium intended to lure an NFL team back to the Los Angeles area.
The vote helped clear the way for developers of the US$800-million venue to begin talks with NFL teams about a possible move to the industrial and warehousing city east of Los Angeles.
Majestic Real Estate Co. managing partner John Semcken said the company would begin shopping for a team on April 1, the deadline for opponents of the project to file a lawsuit.
At least eight franchises, including the Oakland Raiders, Buffalo Bills and Minnesota Vikings have been identified as possible targets for relocation, he said.
Developers are confident the NFL would approve a move by a team, he said.
“They understand the stadium, they understand the economic opportunity,” Semcken said. “All they want is certainty.”
NFL spokesman Brian McCarthy said the league was monitoring potential stadium developments in the Los Angeles area but declined to comment on specific sites.
Associated Press
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