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IRVINE OFFICIALS SKEPTICAL ABOUT POTENTIAL NFL GROUP'S PLANS
Published June 8, 1998
Irvine, CA, leaders "expressed wariness" Friday at granting exclusive development rights to an investment group seeking to build a pro football stadium in the city, and said that "it could be months before they make a final decision," according to Shelby Grad of the L.A. TIMES. The Southern California Sports Group (SCSG), comprised of L.A. investors including former USC RB Anthony Davis, has said that it "will raise" $500M for a stadium if Irvine "will give it sole authority to develop the project and help recruit an NFL team." Irvine Mayor Christina Shea, on the SCSG's proposal: "They want exclusivity, and I don't think the council is ready to do that." SCSG execs could not be reached for comment, and Grad wrote that it is "unclear" whether the group would proceed with a stadium plan without exclusive development rights (L.A. TIMES, 6/6).