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#1 Ron_Mexico

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Posted 30 March 2012 - 10:10 AM

Downtown Los Angeles Stadium proposal in trouble because of AEG’s terms to NFL

By Jason Cole, Yahoo! Sports Mar 29, 7:22 pm EDT

More than three months after a clandestine meeting that featured billionaire developer Phil Anschutz, NFL Commissioner Roger Goodell, Los Angeles Mayor Antonio Villaraigosa and New England Patriots owner Robert Kraft, Anschutz continues to show no interest in changing the terms of a deal that would return the NFL to downtown Los Angeles, Yahoo! Sports has learned.

That lack of interest means that plans for a downtown stadium to be built and run by Anschutz Entertainment Group may be all but dead in the eyes of many involved. AEG is supposed to unveil an Environment Impact Report on the site in early April. However, that report may be worth little more than the paper it’s printed on if Anschutz and AEG don’t make a shift in the financial plan that’s been presented to NFL officials.
More From Jason Cole

Three sources said the four men met in Denver on the weekend of Dec. 18, when New England played there against the Broncos. Villaraigosa requested the meeting in hopes of encouraging Anschutz, who lives in Denver, to put more support behind the stadium AEG has proposed building.

Part of that support would mean changing the financial terms AEG has laid out to teams that might move to the proposed site. AEG’s terms include buying a minority stake in the team at a discounted rate and what amounts to a rental agreement on the stadium.

At the meeting, Goodell politely told Anschutz that the terms are unacceptable to the NFL and any of the handful of teams that have been targeted for a potential move to Los Angeles, including the San Diego Chargers. Kraft attended the meeting because he is also very close to Anschutz and does business with AEG. Kraft echoed Goodell’s remarks.

As a source explained: “It was friendly, but boiled down to the view that no NFL owner would accept the terms proposed. If [AEG] wanted to get that much control over an NFL franchise, their only option would be to buy a team. If they were willing to back off the control and buy a [limited partnership] stake for a reasonable price, then a shared interest in selling suites/clubs/sponsorships could be worked out.”

NFL spokesman Greg Aiello declined to comment on whether Goodell met with Anschutz. AEG spokesman Michael Roth declined to comment because AEG President Tim Leiweke did not take part in the meeting and Roth said he does not speak for Anschutz.

Villaraigosa has explained, according to one of the sources, that continuing to push the stadium idea through the city was akin to “pushing a rock uphill” if Anschutz didn’t pursue the idea more aggressively. AEG has said that it will, among other things, put up at least $1 billion toward the construction of the stadium. In exchange, it has asked for considerations, such as the fast-tracking of the EIR, and has asked the city to put up bonds as part of the additional funding.

However, the meeting with Anschutz has thus far produced zero reaction from the billionaire, according to the sources. In the more than three months since the meeting, the NFL has not received a new proposal from Anschutz or AEG and has not been told of one being sent to any teams.

The bottom line is that because of that, politicians in Los Angeles may be shifting focus from the stadium project to simply enlarging the Los Angeles Convention Center. The stadium was supposed to be built on part of where the center currently sits and would serve as convention space when not being used for the NFL.
Phil Anschutz

“The end game for this plan was the convention center all along,” a Los Angeles-based source said Thursday. “That’s what AEG wants to improve because the convention business is going to drive the whole area.”

The area around the convention center now includes a section called L.A. Live, featuring the Staples Center, the Nokia Theatre, a hotel and numerous upscale restaurants.

In addition, the energy expended by the city on pushing the stadium project has delayed other projects, two sources said. The University of Southern California, NBC and Universal all have expansion projects that have been pushed back as the city spent time on the stadium project.




http://sports.yahoo....dell_aeg_032912



#2 bicycle_seat_sniffer

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Posted 30 March 2012 - 10:14 AM

cool keep the Chargers in SD!

 

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#3 DexterDew

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Posted 30 March 2012 - 10:33 AM

for the price that Magic's group paid for the Dodgers, you have to believe that they will look into building a stadium at Chevez

#4 cstu

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Posted 30 March 2012 - 11:02 AM

Ridiculous that the holdup is a discounted ownership of the team and this is probably true:

“The end game for this plan was the convention center all along,” a Los Angeles-based source said Thursday. “That’s what AEG wants to improve because the convention business is going to drive the whole area.”


Edited by cstu, 30 March 2012 - 11:03 AM.

 

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#5 Multiple Scores

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Posted 30 March 2012 - 11:31 AM

LA doesn't deserve or even truly want a team.

#6 Monkeyface Prickleback

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Posted 30 March 2012 - 03:04 PM

for the price that Magic's group paid for the Dodgers, you have to believe that they will look into building a stadium at Chevez

:lmao:

#7 Monkeyface Prickleback

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Posted 30 March 2012 - 03:09 PM

LA doesn't deserve or even truly want a team.

:lmao: Says some dude from CLAYTON, California. :lmao: Tell Antioch I said hi.

#8 Ron_Mexico

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Posted 30 March 2012 - 04:42 PM

LA doesn't deserve or even truly want a team.

:lmao: Says some dude from CLAYTON, California. :lmao: Tell Antioch I said hi.

Had some great times in Orinda and Moraga. :banned:

#9 Ron_Mexico

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Posted 10 May 2012 - 06:47 AM

Will Stadium Plan Changes Mean a Move West for Vikings? By Freddy Sherman Mon, May 7, 2012 As a Los Angeles resident and football fan, I'm eagerly following the various stadium sagas going on with several NFL teams. It looks like the Minnesota Vikings still have a real possibility of picking up and leaving Minnesota for a brand new stadium (to be built )in Los Angeles after the 2012 NFL season. The bill that would fund the stadium project is currently being debated in the state capitol and the politicians have already started to make changes from the agreement already reached with the team. The current Vikings stadium situation The Vikings will play the 2012 season at the Metrodome, but after that they are free to leave with no restrictions. The Vikings are one of the five teams Los Angeles stadium developer AEG has already confirmed they've spoken with. These teams include the Oakland Raiders, the St. Louis Rams, the Jacksonville Jaguars, the San Diego Chargers and the Minnesota Vikings. The current deal The current deal was put together by a coalition including the team, the governor, the mayor of Minneapolis and key lawmakers, but it needs to pass the legislature and it's proving to be a lot more difficult than anyone expected. Just because the team and these politicians agreed to the plan, it doesn't mean the citizens of Minnesota and / or of Minneapolis approve of it. The agreement has the Vikings paying about $427 million, the state would pay $398 million and the city would put in $150 million from an existing hospitality tax. The new stadium is budgeted at $975 million, but I wonder what will happen when it goes over-budget, as many of these projects do. The new deal In the legislature, both sides supported the amendments, which would raise the amount the Vikings would contribute by $105 million to $532 million, while limiting the state's contribution to $293 million. After the team already agreed to pay a certain amount, I can't see them agreeing to pay $100 million more. I think we will see what the Vikings' commitment is to stay in Minnesota, if they want to make the deal, they will agree to the additional amount, if not, I do think we will see them make the move west. .

#10 cstu

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Posted 10 May 2012 - 08:40 AM

While the legislature in Minnesota continued to work on a solution to keep the Vikings, AEG on Tuesday unveiled its latest vision for an NFL stadium in downtown Los Angeles.

Two weeks remain in the public-comment period of AEG’s environmental impact report on the concept, and the company hopes to have its approvals in place by late summer, with the goal of luring a football team back to L.A. next spring.

AEG’s is one of two competing stadium proposals, with the other in City of Industry.

The latest version of Farmers Field was released as part of the opening session of the international Stadia Design & Technology EXPO 2012 conference held at the Los Angeles Convention Center.

The rendering shows an open-roofed venue that almost looks as if it’s wearing transparent shoulder pads, with outdoor concourses. The idea calls for a light, accordion-style roof that is somewhat translucent, as well as lighter and less expensive than a typical retractable covering.

“From the very beginning, it was important that we had a building that felt like it was in L.A., that was very open,” said Gensler principal Ron Turner, director of the architectural firm’s sports and entertainment division. “We didn’t want to have one of these domes that was solid. We also wanted a building that felt light on the outside, one that fit nicely with Staples Center, and we tried to make the building as transparent as possible.”

L.A. has been without an NFL team for 17 years, and every stadium proposal has come with dazzling renderings and conceptual videos. The real trick – one no one has accomplished – is turning those into an actual stadium.


 

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#11 cstu

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Posted 10 May 2012 - 08:44 AM

The Vikings are one of the five teams Los Angeles stadium developer AEG has already confirmed they've spoken with. These teams include the Oakland Raiders, the St. Louis Rams, the Jacksonville Jaguars, the San Diego Chargers and the Minnesota Vikings.

The Jags seem like they'd jump at the chance to leave. The amount of money they'd have to pay to break their stadium deal is nothing compared to what they'd make in LA.

 

Technique overrules athleticism once a player has proven he possess the baseline amount necessary to compete in the league. 

 

 


#12 Ron_Mexico

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Posted 10 May 2012 - 08:47 AM

The Vikings are one of the five teams Los Angeles stadium developer AEG has already confirmed they've spoken with. These teams include the Oakland Raiders, the St. Louis Rams, the Jacksonville Jaguars, the San Diego Chargers and the Minnesota Vikings.

The Jags seem like they'd jump at the chance to leave. The amount of money they'd have to pay to break their stadium deal is nothing compared to what they'd make in LA.

Jacksonville is the smallest market team in the NFL. I think they WILL be the team that eventually moves to Los Angeles.

#13 Tackling Dummies

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Posted 10 May 2012 - 09:13 AM

The Vikings are one of the five teams Los Angeles stadium developer AEG has already confirmed they've spoken with. These teams include the Oakland Raiders, the St. Louis Rams, the Jacksonville Jaguars, the San Diego Chargers and the Minnesota Vikings.

The Jags seem like they'd jump at the chance to leave. The amount of money they'd have to pay to break their stadium deal is nothing compared to what they'd make in LA.

Jacksonville is the smallest market team in the NFL. I think they WILL be the team that eventually moves to Los Angeles.

I agree, but what's the Rams status w/ their stadium?

#14 SaintsInDome2006

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Posted 10 May 2012 - 09:49 AM

If you look at the promo video in the LA Times report... http://www.latimes.c...0,4940593.story http://www.youtube.c...layer_embedded#! ...it's funny how only the last third really deals with football, and even then only partially. It's basically an annex to the whole convention center complex. It's a compliment to the thing, not the focus. Before they even mention football they feature having L.A.'s biggest ballroom. Seriously. AEG is also seeking to run the London Olympics.... and L.A. could make its own Olympics pitch if it built a modern stadium. It's just weird how the USA's No. 2 city can't make up its mind about whether it wants an NFL team. Five more seasons of the Jags getting 2-7 wins will have them ready to move soon enough. Come on, already.

Edited by SaintsInDome2006, 10 May 2012 - 09:50 AM.


#15 Herb

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Posted 10 May 2012 - 11:29 AM

Will Stadium Plan Changes Mean a Move West for Vikings?

By Freddy Sherman Mon, May 7, 2012


As a Los Angeles resident and football fan, I'm eagerly following the various stadium sagas going on with several NFL teams. It looks like the Minnesota Vikings still have a real possibility of picking up and leaving Minnesota for a brand new stadium (to be built )in Los Angeles after the 2012 NFL season. The bill that would fund the stadium project is currently being debated in the state capitol and the politicians have already started to make changes from the agreement already reached with the team.

The current Vikings stadium situation

The Vikings will play the 2012 season at the Metrodome, but after that they are free to leave with no restrictions. The Vikings are one of the five teams Los Angeles stadium developer AEG has already confirmed they've spoken with. These teams include the Oakland Raiders, the St. Louis Rams, the Jacksonville Jaguars, the San Diego Chargers and the Minnesota Vikings.

The current deal

The current deal was put together by a coalition including the team, the governor, the mayor of Minneapolis and key lawmakers, but it needs to pass the legislature and it's proving to be a lot more difficult than anyone expected. Just because the team and these politicians agreed to the plan, it doesn't mean the citizens of Minnesota and / or of Minneapolis approve of it. The agreement has the Vikings paying about $427 million, the state would pay $398 million and the city would put in $150 million from an existing hospitality tax. The new stadium is budgeted at $975 million, but I wonder what will happen when it goes over-budget, as many of these projects do.

The new deal

In the legislature, both sides supported the amendments, which would raise the amount the Vikings would contribute by $105 million to $532 million, while limiting the state's contribution to $293 million. After the team already agreed to pay a certain amount, I can't see them agreeing to pay $100 million more. I think we will see what the Vikings' commitment is to stay in Minnesota, if they want to make the deal, they will agree to the additional amount, if not, I do think we will see them make the move west.
.

NOPE

Edited by Herb, 10 May 2012 - 11:29 AM.

"Politicians are like diapers; they need to be changed often and for the same reason."-- Mark Twain


#16 cstu

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Posted 10 May 2012 - 11:40 AM

If you look at the promo video in the LA Times report...

http://www.latimes.c...0,4940593.story

http://www.youtube.c...layer_embedded#!

...it's funny how only the last third really deals with football, and even then only partially.

It's basically an annex to the whole convention center complex. It's a compliment to the thing, not the focus. Before they even mention football they feature having L.A.'s biggest ballroom. Seriously.

AEG is also seeking to run the London Olympics.... and L.A. could make its own Olympics pitch if it built a modern stadium.

It's just weird how the USA's No. 2 city can't make up its mind about whether it wants an NFL team. Five more seasons of the Jags getting 2-7 wins will have them ready to move soon enough. Come on, already.

The city (and fans) want it but neither wants to pay for it. Football fans I've talked to about it here feel that there's no reason for the taxpayers to drop a dime for an investment that will be profitable from day one.

 

Technique overrules athleticism once a player has proven he possess the baseline amount necessary to compete in the league. 

 

 


#17 cstu

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Posted 11 September 2012 - 06:57 PM

Proposed NFL stadium in downtown Los Angeles put on fast track By Rick Orlov, Staff Writer Posted: 09/11/2012 07:00:27 PM PDT Updated: 09/11/2012 07:03:01 PM PDT As city planners prepare this week to consider a development agreement with AEG for a downtown football stadium and expansion of the Convention Center, the Los Angeles City Council agreed Tuesday to shorten the time needed to inform the public. With a 13-0 vote, the council agreed with Councilwoman Jan Perry to reduce the public notification period from 24 days to 10 days in order to complete the process in time for the National Football League to make its decision next March. Chief Legislative Analyst Gerry Miller said the time is needed to get past the period when legal challenges could be filed against the $1.3 billion project, which includes a 72,000-seat stadium and construction of a new West Hall for the Convention Center. "The city has highly scrutinized the proposal in an open and transparent process," Perry said. "There has been full public participation and there will be a full public hearing by the Planning Commission." Miller said the city did give 24-days notice for the Planning Commission public hearing and is giving 10-days notice for the City Council consideration. "The city is in full compliance with state law and the 10-day notification," Miller said. "The Planning Department has had a practice of giving 24-day notice, which was done here. It is only for the notice of the council consideration that we are reducing the time." Miller said the city has taken similar steps in the past for major projects. Several council members voiced their support of the proposal. "Anything we can do to bring football back to Los Angeles, we should do," Councilman Bill Rosendahl said. However, the proposed change drew criticism from Eric Ares of the Los Angeles Community Action Network and the Farmers Field Coalition. "We are concerned about the impact of the stadium on the surrounding community," Ares said. "We were given 45 days to read a 10,000-page environmental impact report. "We were concerned then and are still concerned about how this will affect the people who will have to live with the impact of this stadium for years to come." AEG spokesman Michael Roth said the decision was important to keep the project on schedule. "We are moving forward," Roth said. "There will be a commission meeting on Thursday and then it will go to the City Council." Miller said the city and AEG are concerned that challenges to the development agreement could run into the NFL's timeline to make its decision on relocating a team to the site.


 

Technique overrules athleticism once a player has proven he possess the baseline amount necessary to compete in the league. 

 

 


#18 cstu

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Posted 16 September 2012 - 07:28 AM

Proposal for downtown L.A. NFL stadium advances to City Council

Planning Commission decides that economic benefits of bringing the NFL to downtown L.A. outweigh the stadium's effects on traffic, air quality and other issues.

By David Zahniser and Kate Linthicum, Los Angeles Times

September 14, 2012

A $1.2-billion plan for bringing an NFL stadium to Los Angeles passed a major test Thursday, even as anti-poverty activists pressed powerful developer Anschutz Entertainment Group to make millions of dollars in additional concessions.

After 10 and a half hours of review, Mayor Antonio Villaraigosa's appointees on the Planning Commission signed off on a set of agreements for the 72,000-seat stadium, concluding the project's economic benefits outweigh the "significant and unavoidable" impacts it will have on traffic, air quality, noise and light glare.

The 9-0 vote marked a major victory for AEG, putting the stadium and a related $315-million renovation of the adjacent Convention Center on track for a Sept. 28 vote by the City Council. But Thursday's win was tempered by a warning from one of the stadium's biggest allies, who said a pending legal case is placing the project in jeopardy.

At a separate City Hall hearing on the stadium, Natural Resources Defense Council senior attorney David Pettit urged city officials to help restart talks between AEG and a coalition of anti-poverty activists challenging special state legislation intended to speed up approval.

The Play Fair at Farmers Field Coalition filed a lawsuit last month seeking to invalidate a state law written for AEG that limits lawsuits against the stadium to a 175-day period. The group, which includes the renters' rights group Community Action Network, said it wants AEG to provide $60 million for affordable housing, or $2 million a year over 30 years.

City officials are pursuing a timeline that would ensure that any lawsuit against AEG would be resolved in March, when NFL team owners are expected to consider the possibility of returning a franchise to L.A. If AEG's special legal protections are nullified by a court challenge, stadium-related lawsuits could continue for two to three years, Pettit warned.

"It could take down the entire project," said Pettit, who described his environmental group as a backer of the stadium since "Day One."

Becky Dennison, co-director of the Community Action Network, said data compiled for city officials shows the stadium project would create a huge need for affordable housing to serve low-wage workers. "This project isn't just about football, and it isn't just about jobs," she told the Planning Commission. "It's about far-reaching implications for the community."

AEG executives showed no interest in providing the amount of money sought by the coalition, saying they already have agreed to roughly $50 million in concessions. Those include $10.3 million for a new platform at a Metro Blue Line Station and $8 million in upgrades to a plaza outside the Convention Center. Company executives said the project would ultimately generate 30,000 jobs, with 30% of the project's construction workers and 50% of its permanent workforce living within five miles of the site.

AEG Executive Vice President Ted Fikre said his company has already rejected a coalition request for $10 million and pointed out that neither the stadium project nor the Convention Center upgrade will result in the removal of any homes.

"Frankly, if we had been willing to agree to the $10 million, we would have had a deal by now," he said.

Fikre predicted that the special stadium legislation will be upheld in court. But Councilman Ed Reyes worried about losing out on thousands of construction jobs if the coalition prevails.

"There's a lot at stake here. I can't take this lightly," he said.

Labor unions and business groups have rallied behind the stadium, arguing that AEG has worked extensively with surrounding neighborhoods to reduce the project's impacts.

AEG has promised upgrades to traffic signals at 73 intersections and $2.4 million for the widening of the 101 Freeway northeast of downtown. Still, city planners said it would not be possible to upgrade downtown's freeways to fully address the project's "significant" traffic impacts.

Commissioner Regina Freer also sought $600,000 from AEG for affordable housing during Thursday's marathon meeting, saying that she feared rents will go up in neighborhoods near the stadium after it opens.

AEG officials agreed to provide an additional $1.25 million, much of it for planning and design work in and around downtown. But the company drew the line at the housing money sought by Freer.

"We are doing all that we are willing to do," AEG attorney Bill Delvac told the commission.


Edited by cstu, 16 September 2012 - 07:28 AM.

 

Technique overrules athleticism once a player has proven he possess the baseline amount necessary to compete in the league. 

 

 


#19 Judge Smails

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Posted 16 September 2012 - 07:53 AM

I don't think there's anything to see here. Lawsuit is late game bribery to get what they want for low income housing. AEG will make a lesser concession and this will get done. The big hurdles have been passed.
"Gambling is illegal at Bushwood, sir, and I never slice".

#20 cstu

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Posted 20 November 2012 - 07:39 PM

Another hurdle crossed with Pasadena agreeing to let an NFL team play at the Rose Bowl while the stadium is being built.

 

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#21 SaintsInDome2006

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Posted 21 November 2012 - 06:04 AM

Another hurdle crossed with Pasadena agreeing to let an NFL team play at the Rose Bowl while the stadium is being built.

C'mon, they must have a team in mind.

By the way, love the calculus here:

More than 25,000 vehicles would use the stadium grounds on game days, according to a city study, shutting down the Rose Bowl Aquatics Center, Kidspace Museum and Brookside Golf Course.

Hm, what to do? What... to... do...

Edited by SaintsInDome2006, 21 November 2012 - 06:06 AM.





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