Bucks' Downtown Arena Plan Gains Steam St. Louis County Funds Pulled From NFL Stadium Phillies To Offer Cocktails, Wine At Expanded Bar Cubs Shoot Down Rumors, Provide Wrigley Update NFL Jets To Hold Camp At Team HQ Colorado's Champions Center In Final Stages Facility Notes Latest Rays Ballpark Proposal Dead Horseshoe Casino Sponsors Reds' Riverfront Club IMS Stop Highlights Rolling Stones Tour
Upcoming Conferences and Events
WITHOUT MONEY OR TENANTS, L.A. COLISEUM PLANS FOR SUITES
Published March 2, 1995
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).