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NFL in L.A.: A report on Monday said that an AEG plan to build a $1.8 billion stadium won’t work.
People walk past the L.A. Live entertainment complex, which includes the Staples Center and Nokia Theater, on Sept. 19, 2012 in Los Angeles, California. AEG plans to build a $1.8 billion stadium to house an NFL team across from it. (Kevork Djansezian/Getty Images)
A report this week suggests that a new stadium in Los Angeles won’t be happening.
An NFL source told Yahoo Sports reporter Jason Cole on Monday that Anschutz Entertainment Group’s (AEG) plan to build the stadium will not work.
“The numbers just don’t work, no matter how you look at the deal,” league source, who was not named, told Cole in February. “It’s either too hard for AEG to make money [and pay the debt on the stadium] or too hard for the team. I just can’t see a way for it to work.”
But NFL spokesman Brian McCarty said that the league will “continue to monitor the AEG situation and remain interested in multiple sites in the Los Angeles area.”
The NFL said the AEG plan, which was approved by the Los Angeles city council, would cost at least $1.8 billion, making it hard to deal with.
AEG wanted to build the stadium on space across from the Staples Center/L.A. Live in downtown Los Angeles.
This means that NFL fans in Los Angeles will likely not get a chance to see a home team since the Oakland Raiders played at the L.A. Coliseum in 1994. NFL Commissioner Roger Goodell has said that he has made it a priority to get a team back to the city.
According to Sports Out West, there are several other sites that could be used to build a stadium, including near Chavez Range, City of Industry, and Hollywood Park.
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