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SBD/Issue 35/Facilities & Venues
Developer Hopes New Site Near L.A. Will Lure NFL Back To Region
Published October 30, 2007
L.A.-based Majestic Realty CEO Ed Roski Jr., who "was instrumental in the building" of Staples Center, has 600 acres of space and "a plan for a new stadium" in City of Industry, California, and will soon meet with NFL officials, according to T.J. Simers of the L.A. TIMES. NFL Senior VP/Strategic Planning Neil Glat said that NFL officials will meet in L.A. next week and "most likely" tour the stadium site. Roski: "I wouldn't spend all this time or money if I didn't think the NFL wanted to have a team in the Greater L.A. area. When the NFL categorically said recently it had no interest in the Coliseum, I put the second phase of a project I was developing in the City of Industry in abeyance and started to get this NFL project together." Roski said he owns the land, has "all the entitlements in place." Roski: "If you made a list of 100 things you would like to have with a new stadium, this probably has 90 of them." Simers reports when the NFL awarded a team to Houston, the league "contended Roski didn't have the money to make a mega-deal work," so he recruited the aid of KB Home Founder Eli Broad. If Roski "does a similar deal to Staples Center, he will be a minority owner of the team," while working "to pool money from various sources to help defray the cost of a stadium." Roski, a minority owner of the NHL Kings Lakers and L.A. Live, said, "We're going to have a stadium with a team playing in it in 2010 or 2011" (L.A. TIMES, 10/30).







