SBD/Issue 149/Facilities & Venues

Wasserman, Leiweke Reportedly Investigating NFL Stadium In L.A.

Wasserman, Leiweke Considering Site Behind
Staples Center For Possible Football Stadium

WMG Chair & CEO Casey Wasserman and AEG President & CEO Tim Leiweke are "considering getting back in the stadium game" for the NFL in L.A., according to sources cited by Sam Farmer of the L.A. TIMES. Wasserman and Leiweke are "investigating the possibility of building a stadium behind Staples Center, where the West Hall of the Los Angeles Convention Center now sits, with the idea of replacing that convention space elsewhere in the general area." The concept is "in the preliminary stages, although the NFL is aware of it and is monitoring its progress." The convention center site, which is owned by the city, is "within walking distance of the newly constructed 1,000-room hotel that AEG built in the Staples Center/LA Live sports and entertainment district." Farmer notes the stadium plan "would be in direct competition with the one" that Majestic Realty Chair & CEO Ed Roski "hopes to develop in the City of Industry." Majestic Realty VP John Semcken "acknowledged that there isn't room in Southern California for two stadium projects, but said they have no plans to abandon theirs" (L.A. TIMES, 4/16). Meanwhile, in St. Louis, Howard Balzer notes Rams Minority Owner Stan Kroenke, who plans to become majority owner of the team, is a "member of the league's Los Angeles Stadium Working Group committee," which means he is "privy to every detail, every plan, simply everything that is related to those trying to get a stadium built there" (GLOBE-DEMOCRAT.com 4/16).

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