Farmers Field is one step closer to becoming a reality in downtown Los Angeles, with a 2016 ribbon-cutting ceremony in the forecast.
L.A. city council voted unanimously on Tuesday to approve the framework for financing a project to make room for the $1.2-billion venue, according to the Los Angeles Times.
Now, they’ll demolish and relocate part of the Los Angeles Convention Center so that stadium developer Anschutz Entertainment Group has can build the 72,000-seat venue, which is to be located just south of Staples Center.
The stadium will be financed entirely by AEG (huge thumbs up) and the demolition and relocation project is expected to be covered by the tax and lease revenue generated from the development (another huge thumbs up).
City officials expect the stadium to create more than 14,000 construction jobs and 6,300 permanent jobs while making it possible for the city to renovate its Convention Center at a time of tight budgets. Still, the proposal has drawn sharp questions from residents who live near the stadium site who are worried about the traffic that will pour onto local streets and the 110/10 freeway interchange.
So “traffic, noise and glare” are concerns, but before we get too micro with this thing, we should consider one other fairly significant hurdle in the process: the lack of an NFL team.
Currently, AEG and the city have adopted the “If you build it, they will come” philosophy. But let’s face it: they’ll come. The only question remaining: Who will it be?