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The cost of Stan Kroenke's stadium in Inglewood is climbing [...].
Owners approved raising the debt waiver to $4.963 billion for the first phase of the project, which includes the football stadium where the Rams and Chargers will play, the neighboring 6,000-seat performance venue, the 200,000 square feet of office space for NFL Media, the parking lots surrounding the stadium, and the cost of the entire 300-acre parcel.
— Los Angeles Times
The price tag for the stadium itself was originally estimated at $2.6 billion but is now closer to $3 billion — eye-wateringly higher than the most expensive NFL venues to date: MetLife Stadium, the shared home of the New York Giants and Jets, and the Atlanta Falcons' Mercedes-Benz Stadium, both... View full entry
Among major initiatives announced for the Los Angeles Philharmonic’s centennial year is the creation of a new permanent YOLA center to be designed by Frank Gehry. The famed architect will transform an existing facility, located in the LA suburb of Inglewood, into a central resource for the Youth... View full entry
Highlights include a detailed look at the stadium's swooping roof canopy, which was designed by HKS Architects. [...]
When completed in 2019, the $2.66-billion venue will offer seating for up to 70,240 NFL fans, as well as standing-room capacity for over 100,000 people at larger events. [...]
The stadium is one component of a much larger mixed-use complex that is being jointly developed by real estate firms Stockbridge Capital and Wilson Meany along with Rams owner Stan Kroenke.
— urbanize.la
Check out the video below for another look at "the NFL's biggest and most expensive venue, with a price tag well over $2 billion... the priciest sports venue in the nation's history" (Curbed LA) – aka, the new home for the recently-minted Los Angeles Rams (and potentially the San Diego... View full entry
After 21 years away, the NFL is coming back to Los Angeles. The winner after months of waiting and a busy day of voting and discussion among the NFL team owners in Houston was St. Louis Rams owner Stan Kroenke [...]. The exciting twist is that the San Diego Chargers have the option to join the Rams in their huge, shiny stadium—which is poised to be the NFL's biggest and most expensive venue, with a price tag well over $2 billion. (It'd be the priciest sports venue in the nation's history, too.) — la.curbed.com
Previously in the Archinect news: Organic kale for posh LA football fans: Newly unveiled stadium design sports a farmers' market and VVIP parkingQuest for LA football stadium enters the next round: Carson City Council approves its NFL stadium proposalAEG scraps plans to bring an NFL football... View full entry
In the last 20 years, just one NFL stadium has been built solely through private funding. [...]
Still, when it comes to getting the best deal out of an arena, leaving taxpayer money off the tab is only a good start.
Studies have repeatedly shown that sports teams don’t have the far-reaching economic impacts that one might assume, and experts have noted that stadiums aren’t as catalytic as some franchise owners might tout.
— nextcity.org
Previously: Is LA Finally Going to Get a Football Stadium?Special law for NFL stadium project unconstitutional, lawsuit claimsFarmers Field: Bringing Football Back on a Need-to-Know Basis View full entry
