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Yo_Mama_Been_Loggin

(107,935 posts)
Sun Jan 27, 2019, 05:58 PM Jan 2019

The Rams' $5 billion stadium complex is bigger than Disneyland. It might be perfect for L.A.

INGLEWOOD, Calif. — Before off-track betting gutted the allure of Hollywood Park Racetrack and before Los Angeles’s Staples Center coaxed the Lakers and Kings away from the Forum, Inglewood was known as the City of Champions.

Today, from a window of his ninth-floor office, Mayor James T. Butts Jr. sees his city rising again after hard times and double-digit unemployment further damaged Inglewood’s psyche following the loss of its identity as a sports mecca. The future is taking shape in the concrete pillars and sloped canopy roof of a transformative new stadium that will serve as home to the Super Bowl-bound Los Angeles Rams and the Los Angeles Chargers when the world’s most expensive sports complex opens in 2020.

“The city’s brand has changed,” Butts said with a broad smile in a recent interview. “We’ve gone from being known for high crime, poverty and failing infrastructure to the next big thing.”

The development of a new stadium comes at a fortuitous time for the NFL as it seeks to reclaim a foothold in the country’s second-largest media market after a 22-year absence. That goal only will be buoyed by the emergence of the high-scoring Rams, who play the New England Patriots in the Super Bowl on Feb. 3, as one of the league’s most dynamic young teams in just the third season since their return to Los Angeles.

https://www.washingtonpost.com/sports/the-rams-5-billion-stadium-is-bigger-than-disneyland-it-might-be-perfect-for-la/2019/01/26/7c393898-20c3-11e9-8e21-59a09ff1e2a1_story.html?utm_term=.a7fb0916bf3f&wpisrc=nl_rainbow&wpmm=1

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The Rams' $5 billion stadium complex is bigger than Disneyland. It might be perfect for L.A. (Original Post) Yo_Mama_Been_Loggin Jan 2019 OP
who is paying for this thing rampartc Jan 2019 #1
In this particular case I believe it's private financing Yo_Mama_Been_Loggin Jan 2019 #2
Inglewood is on the hook for the infrastructure costs, but they have a sweetheart deal.... Brother Buzz Jan 2019 #3
Unlike what's happening in Las Vegas (more from the link) Auggie Jan 2019 #4

rampartc

(5,407 posts)
1. who is paying for this thing
Sun Jan 27, 2019, 06:32 PM
Jan 2019

bond issues must be repaid by the taxpayers, to get the support of the taxpayers the rams had to go to the superbowl, which partially explains the bad call vs the saints.

the nfl has again proved that theu are selling entertainment, wwe style, rather than competative sport.

Brother Buzz

(36,417 posts)
3. Inglewood is on the hook for the infrastructure costs, but they have a sweetheart deal....
Sun Jan 27, 2019, 09:00 PM
Jan 2019

with the developers; they loan the city the money (80-100 million dollars) for the works, then the city pays them back from stadium fees once the stadium is operating in the black; zero tax dollars are involved.

Auggie

(31,167 posts)
4. Unlike what's happening in Las Vegas (more from the link)
Mon Jan 28, 2019, 08:49 AM
Jan 2019
When completed (Inglewood), it will more than double the cost of the next-most expensive NFL stadium — the $1.8 billion Las Vegas stadium being built for the relocating Oakland Raiders and also due to open in 2020. Noll characterizes its heavily subsidized funding as one of the worst deals in sports history, with Las Vegas and Clark County handing the Raiders a $750 million subsidy and the state of Nevada committing $200 million to upgrade freeways to reach the site.

Just behind the Las Vegas stadium in terms of cost are New York’s MetLife, home of the Giants and Jets — it was privately funded but built on land owned by the state of New Jersey — and Atlanta’s Mercedes-Benz Stadium, host of this year’s Super Bowl. Each cost $1.6 billion. The Falcons’ home is owned by the state of Georgia and was constructed with help from roughly $600 million in public funds.


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