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L.A. Panel Wants Assurances On Costs Of AEG's Proposed Downtown NFL Stadium
Published April 4, 2011
FACING OFF: In California, Scott Reid wrote AEG's "pursuit of an NFL franchise to play in a $1 billion downtown Los Angeles stadium has touched off a potentially multi-billion dollar arms race" with Majestic Realty Chair & CEO Ed Roski, who is "backing a stadium project in the City of Industry." It is a battle between "two of the region's richest and most influential men," AEG Chair Phil Anschutz and Roski, "billionaire business partners turned bitter rivals who share little common ground beyond a belief that the NFL is on its way back to the Los Angeles-Orange County market after a more than 15-year absence, possibly as early as the 2012 season." But NFL and stadium consultants, economists, sports business analysts, legislators, current and former government and NFL officials "who have studied both projects argue in a series of recent interviews that the NFL's return to Southern California is far from the certainty AEG and Roski's Majestic Realty group present it to be." Both groups face "significant political, financial, logistical and public relations obstacles." Perhaps the "biggest hurdle for both projects will be convincing the NFL to return to a region that has both fascinated and frustrated the league for parts of three decades" (ORANGE COUNTY REGISTER, 4/2).
VIKINGS STADIUM LACKS SUPPORT: In Minneapolis, Duchschere & Von Sternberg reported top city and Hennepin County officials "expressed skepticism Friday about the details of a long-awaited" Vikings stadium bill "emerging at the Legislature." Viewed as "two important potential local partners on a new Vikings stadium," officials in both the city and county said that the bill "wasn't structured in a way that would allow them to participate." Hennepin County Commissioner Peter McLaughlin said the bill is "badly timed" and "badly designed." McLaughlin: "I hope it comes to a bad end. I wouldn't even start talking to the Vikings until they bring half a billion dollars to the table" (Minneapolis STAR TRIBUNE, 4/2).