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SBD/May 15, 2012/Facilities
L.A. Coliseum Panel OKs Deal To Transfer Venue Control To USC
Published May 15, 2012
LOOKING BACK: ESPN L.A.'s Arash Markazi noted, “Four years ago, USC offered to pay $100 million to renovate the Coliseum in exchange for the master lease, but the commission rejected it.” The Commission believed a naming rights deal for the Coliseum “would net them just as much, if not more.” However, the economy crashed soon after “and with it went a couple of naming-rights deals the commission was working on.” After gaining control of the Coliseum, USC officials say that they "will begin plans to return the Coliseum to the condition that made it the home of two Olympic Games and two Super Bowls.” It is also “being discussed as a temporary facility for an NFL team if the NFL decides to return” to L.A. (ESPNLA.com, 5/14).
ROSE BOWL RENOVATIONS: In Pasadena, Brenda Gazzar reports Rose Bowl renovations officials “are scrambling to reduce an early cost estimate by owner’s representative Parsons Corp. for the third and final phase of the stadium’s $160 million makeover, which has come in higher than the anticipated $25 million.” City Manager Michael Beck yesterday said that he "expects the $20 million gap in funding for the Rose Bowl renovation to grow by several million dollars in the coming weeks.” Rose Bowl Operating Co. Board Member Dennis Murphy said, “I would say it’s going to be several million (more) but what the word several means I don’t know. It’s a moving target” (PASADENA STAR-NEWS, 5/15).