Los Angeles | City of Industry Football Stadium | ?

[JVS]

Proposed stadium in the City of Industry (a Los Angeles suburb) for a NFL team. The stadium would be part of a development that includes offices, restaurants, movie theaters and a theater for live shows. The stadium would seat 75,000, 11,000 of which would be in club seats. There would be 175 suites. The stadium would be built into a hill with all the suites and the press box on one side to reduce the cost. The stadium will be able to expand to 80,000 for Super Bowls and other major events.

Recently, the City of Industry approved the EIR and voted to approve $500 million in bonds that would pay for improved infrastructure around the stadium. The entire cost of the stadium, $800 million, would be privately funded by Majestic Realty, a company run by billionaire Ed Roski who helped build Staples Center. The stadium can be built in 2 years and construction can begin as soon as a team commits to moving to Los Angeles. That team would spend 2 years playing at either the Rose Bowl or Los Angeles Coliseum while the stadium is under construction.

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Gov. approves LA-area football stadium waiver
By JACOB ADELMAN, Associated Press Writer
3 hours, 15 minutes ago

Buzz up! 249 PrintINDUSTRY, Calif. (AP)—Gov. Arnold Schwarzenegger said Thursday he had signed a bill allowing the construction of a 75,000-seat stadium that developers hope will lure an NFL team back to the Los Angeles area.

Schwarzenegger said he signed the environmental exemption bill last week but saved the announcement for a press conference in Industry, where the stadium would be built about 15 miles east of Los Angeles.


AP - Oct 22, 2:04 pm EDT

The bill would nullify a lawsuit filed by residents in nearby Walnut over the project’s environmental impact.

Schwarzenegger called the lawsuit frivolous as he addressed a crowd of union members wearing hardhats. Across the street, a dozen protesters held signs saying “No Stadium.”

“This is the best kind of action state government can create—action that cuts red tape, generates jobs, is environmentally friendly and brings a continued economic boost to California,” Schwarzenegger said.

Majestic Realty Co. is heading the stadium project after helping develop Staples Center, the downtown Los Angeles home of the NBA’s Lakers and Clippers and the NHL’s Kings.

Majestic has targeted seven teams as candidates to move to the Los Angeles area: the Buffalo Bills, Jacksonville Jaguars, Minnesota Vikings, St. Louis Rams, San Diego Chargers, Oakland Raiders and San Francisco 49ers.

The firm has said the teams are in stadiums that are either too small or can’t be updated with luxury box seats or other revenue sources an NFL club needs to thrive.

Schwarzenegger said the stadium would generate more than 18,000 jobs.

Majestic guaranteed parking lot attendants and concession stand workers would be paid middle-class wages, said Maria Elena Durazo, head of the Los Angeles County Federation of Labor.

“This is true economic development,” Durazo said. “It’s going to benefit everyone in our community.”

California Gov. Arnold Schwarzenegger signs a bill Thursday Oct. 22, 2009, in the City of Industry, Calif., allowing the construction of a 75,000-seat stadium that developers hope will lure an NFL team to the Los Angeles area. Schwarzenegger announced the signing of the environmental exemption bill in Industry, where the stadium would be built, about 15 miles east of Los Angeles.

A small group of protestors demonstrate against a proposed NFL stadium outside where California Gov. Arnold Schwarzenegger signed a bill Thursday Oct. 22, 2009, in Industry, Calif., allowing the construction of a 75,000-seat stadium that developers hope will lure an NFL team to the Los Angeles area.

California Gov. Arnold Schwarzenegger reacts after signing a bill Thursday Oct. 22, 2009 in the City of Industry, Calif., allowing the construction of a 75,000-seat stadium that developers hope will lure an NFL team to the Los Angeles area. Schwarzenegger announced the signing of the environmental exemption bill in Industry, where the stadium would be built about 15 miles east of Los Angeles.

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