St. Louis Rams owner Stan Kroenke to build NFL stadium in Los Angeles suburb
INGLEWOOD, Calif. — The owner of the St. Louis Rams is planning to build a new stadium near Los Angeles, a sign the team could be moving back to California.
The Los Angeles Times reports Stan Kroenke — who also owns the Nuggets, Avalanche, Rapids and Mammoth — has partnered with developers to construct an 80,000-seat stadium at the former site of the Hollywood Park racetrack.
Kroenke bought the 60-acre lot a year ago next to a 238-acre site owned by Stockbridge Capital Group, which is tearing down the racetrack as part of a redevelopment called “City of Champions Revitalization Project.”
The 238-acre site has been OK’d for mixed-use development for more than 4 million square feet of retail, office, hotel and residential space.
A ballot measure will be submitted for Inglewood residents to approve the stadium and a 6,000-seat performance venue. The stadium and entertainment complex would be built at no cost to taxpayers.
Since Kroenke’s The Kroenke Group bought the 60-acre parcel, speculation has run rampant that he would move the Rams back to Los Angeles. The team moved from Anaheim, Calif., after the 1994 season and the Raiders left to return to Oakland at the same time. Los Angeles has been without an NFL team since then.
The Los Angeles Times reports that under their current deal, the Rams can end their 30-year lease at the Edward Jones Dome in St. Louis a decade early because they haven’t reached an agreement with St. Louis officials on stadium improvements.
Any move would be more than a year away. Last month, NFL Commissioner Roger Goodell said no teams would be allowed to relocate before 2016. Any relocation would be subject to approval by three-fourths of the league’s owners.AlertMe