SBD/2/Facilities Venues

WITHOUT MONEY OR TENANTS, L.A. COLISEUM PLANS FOR SUITES

     Without leases for the Raiders and USC or any money for
capital improvements, the L.A. Coliseum Commission yesterday went
ahead with a decision to try and build 21 luxury suites on top of
a planned new press box by next fall.  The Commission later
acknowledged that it may not be able to obtain the $10M loan
needed to build the suites.  Commission President John Ferraro
called the action "an indication we want to move ahead."  The
construction of the press box is expected to be financed through
a $6M earthquake repair grant from the federal government.  The
Raiders did not play out their option to play in the stadium in
'95.  However, the team, currently in negotiations with Hollywood
Park officials for a new stadium, still could play in the
Coliseum in '95, but not rent-free as it did in '94.
Negotiations between the Coliseum and USC "have been hampered" by
the school's "unwillingness" to pay rent if the Raiders do not
(Kenneth Reich, L.A. TIMES, 3/2).
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Facilities, Oakland Raiders

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