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COMMISSION UNVEILS PLAN FOR LUXURY SUITES AT L.A. COLISEUM
Published January 5, 1995
A plan unveiled Wednesday at a meeting of the L.A. Coliseum Commission calls for 42 luxury suites to be built this year in two rows atop a new press box at the Coliseum. The proposed construction would cost $17M and a decision of whether or not to go ahead with the project will have to be made by March. The deadline would "allow enough time to finish the press box and private luxury suites by the beginning of the fall football season." The costs of the current renovations to the Coliseum are now estimated to be slightly more than $92.7M, up from last month's estimate. Steven Soboroff, a Coliseum commissioner, said that "he hopes that after obtaining funds from a new concessions contract at the Coliseum and grants to build the new press box from the Federal Emergency Management Agency, loans of only about $5M would be necessary to finance the additional luxury suites" (Kenneth Reich, L.A. TIMES, 1/5).