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NFL OWNERS MAKE RAIDERS TOP PRIORITY AT MEETINGS
Published May 23, 1995
A proposal that would bring L.A. a second pro football team in '98 and two Super Bowls to a new stadium at Holloywood Park "is expected to be formalized" by the NFL's finance committee today, according to Bill Plaschke in today's L.A. TIMES. If accepted, the proposal would "pave the way" for the construction of a $200M stadium "that would house the Raiders and an undetermined existing franchise." However, Plaschke writes that "one final hurdle" exists: a $20M loan requested by Hollywood Park officials, who will build the stadium along with the Raiders. The league "steadfastly" refuses to make the loan, but instead will offer Hollywood Park as much as $20M in relocation fees from the stadium's second tenant -- money that would not come until '98. Oilers Owner Bud Adams: "We realize the importance of the Los Angeles market, and we're doing everything we can to help." Plaschke notes that by doing this, the owners are apparently willing to "snub" Orange County and Anaheim Stadium -- despite a reported "letter of interest" from Disney CEO Michael Eisner to the NFL (L.A. TIMES, 5/23). In Atlanta, Len Pasquarelli writes, "The league now is proposing a partnership some owners regard as tantamount to dancing with the devil." The league reportedly will offer various "financial enticements" to Raiders Owner Al Davis and Hollywood Park CFO R.D. Hubbard. Among them are $25M in revenues from luxury suites and/or permanent seat licenses, along with the promise of 10,000 tickets for Super Bowl games staged at the new facility (ATLANTA CONSTITUTION, 5/23). Davis is expected to keep the Raiders at the L.A. Coliseum for the '96 and '97 seasons. ALSO ON THE AGENDA: Chiefs Owner Lamar Hunt has proposed awarding the conference championships to cities through bidding, like the Super Bowl (N.Y. TIMES, 5/23).