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RAIDERS LOOKING TO JOIN LAKERS IN INGLEWOOD
Published December 20, 1994
Raiders Owner Al Davis is talking with Hollywood Park officials to build a privately-financed $175M-$200M 65,000-seat stadium across the street from the Great Western Forum in Inglewood, CA. Officials close to the negotiations say the new stadium would have at least 150 luxury boxes and be ready for the 1997 NFL season. Hollywood Park Inc., which owns the racetrack, would build and own the stadium on its 345-acre complex. The City of Inglewood has hired an accounting firm to help Hollywood Park Inc. arrange financing for the project. City Manager Paul Eckles: "They (the Raiders) are dead serious about it." In addition to providing luxury boxes which the L.A. Coliseum lacks, the new stadium would have 20,000 parking spaces, up from the Coliseum's 8,000. A possible deal could include "some financial commitments" from the NFL. NFL Dir of Communications Greg Aiello confirmed that "conversations have taken place" between the league and Hollywood Park (Mark Katches, L.A. DAILY NEWS, 12/20).