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L.A. City Council Approves Renovation Plan for NFL Team
LOS ANGELES, May 19, 2006 - As part of the city's bid to lure a National Football League team back to Los Angeles, the City Council today unanimously approved a proposed $800 million renovation of the Los Angeles Memorial Coliseum.
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The plan, which calls for building a new 67,000-seat facility within the walls of the historic Coliseum, home of the 1932 and 1984 Summer Olympics, would only go into effect if the NFL approves a team for Los Angeles. Wanting to have the project approved by Monday, when city officials are to make their pitch for a team to NFL owners meeting in Denver, the council barely discussed the matter before also approving architectural and signage designs and an alcohol-sales policy for the Coliseum.
As part of the deal to be presented to NFL owners, the council also agreed to spend at least $25 million to improve the neighborhood surrounding the Coliseum.
City officials hope the owners will approve an NFL team to play at the Coliseum by the 2009 season. They also hope the NFL will agree to pay for renovating the stadium.
Councilman Bernard Parks, who has spearheaded efforts to bring a NFL team to Los Angeles for two years, said that if NFL owners signal they will grant a team to the city, a developer could be in place by June, with construction to begin next year.
Under the plan, the city's Community Redevelopment Agency would pledge $25 million for public improvements to the area around the Coliseum. It would later reimburse the city for another $113 million in public improvements if the stadium produced enough tax revenue to support them.
The first set of improvements would include widening streets and adding turn lanes near the Coliseum, demolition and site clearing, and asbestos removal. The money spent on improvements would be generated by increased property taxes on the stadium.
Los Angeles isn't the only Southland community seeking an NFL franchise. Anaheim has proposed a stadium near Arrowhead Pond and Angel Stadium. That city's proposal also includes plans for housing and businesses.
Pasadena is asking city residents to approve a ballot measure that would give the NFL the right to play at the Rose Bowl for 25 years in exchange for a $500 million stadium renovation, $500,000 a year in rent and other considerations. Pasadena's bid, however, is considered a longshot, given the lack of enthusiasm among some city leaders.
The Los Angeles area has not had an NFL team since 1994. In 1995, the Raiders returned to Oakland after playing 13 seasons at the Coliseum, and the Anaheim-based Los Angeles Rams moved to St. Louis.
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