An investment group controlled by the owner of the St. Louis Rams NFL team has joined forces with Stockbridge Capital Group, which owns the 298-acre Hollywood Park site in Inglewood, Calif., to add an 80,000-seat football stadium and 6,000-seat performance arena to a massive mixed-use development Stockbridge already has in the works, according to the Los Angeles Times and other news reports.
A year ago, Kroenke Group purchased 60 acres of land adjacent to the Forum arena in Inglewood. With its deal with Stockbridge, Kroenke Group’s owner, billionaire real estate developer Stan Kroenke, becomes the first existing NFL owner to control enough land in the Los Angeles market to accommodate a football stadium and parking since the Rams left L.A. for St. Louis after the 1994 season.
For decades, team owners in other cities have used the threat of relocating to Los Angeles as leverage for negotiating improvements to their own stadiums from local municipalities or states. And Kroenke has expressed displeasure with the conditions of Edward Jones Dome in St. Louis, where the Rams currently play.
The Times reports that next month the Rams can opt out of its 30-year lease in St. Louis 10 years early and convert it to a year-to-year arrangement. But the earliest the Rams could relocate to Los Angeles would be 2016.
No tax dollars would be used to build the Hollywood Park development, including the stadium. The investors are already gathering signatures to put the project onto the city’s municipal ballot this year. Inglewood’s Mayor James Butts, Jr. is on record supporting this project, which the investors have dubbed the City of Champions Revitalization Project.
The developer Wilson Meany, with offices in L.A. and San Francisco, is heading up this development, which, if approved, could be completed by 2018. HKS Architects is also involved in this project.
Kroenke and Stockbridge’s proposal is competing with at least two other plans for new stadiums in or around L.A. The entertainment giant AEG, which owns this city’s professional hockey and soccer teams, wants to build a $1.5 billion football stadium in downtown L.A., called Farmers Field, along with a new wing for the city’s nearby convention center. Another real estate magnate, Ed Roski, has had a stadium plan for City of Industry, Calif., on the table for several years. However, neither of these competing plans has mustered a commitment from an NFL team to relocate.
The Hollywood Park project would include more than 4 million sf of retail, office, and residential space, and 25 acres of parks. But to move forward, the Rams would have to commit to moving, and the project would need to get past any political or environmental opposition.
Related Stories
| Aug 2, 2016
Top 130 Green Building Architecture Firms
Gensler, Stantec, and HOK top Building Design+Construction’s annual ranking of the nation’s largest green building sector architecture and A/E firms, as reported in the 2016 Giants 300 Report.
Architects | Aug 2, 2016
Bradley Lukanic named CannonDesign's CEO
In his new role, Lukanic takes helm of an experienced leadership team crafting and achieving optimal short- and long-term strategies and business outcomes
| Aug 1, 2016
K-12 SCHOOL GIANTS: In a new era of K-12 education, flexibility is crucial to design
Space flexibility is critical to classroom design. Spaces have to be adaptable, even allowing for drastic changes such as a doubling of classroom size.
| Jul 29, 2016
AIRPORT FACILITIES GIANTS: Airports binge on construction during busy year for travel
Terminal construction will grow by nearly $1 billion this year, and it will keep increasing. Airports are expanding and modernizing their facilities to keep passengers moving.
| Jul 29, 2016
Top 35 Airport Terminal Architecture and A/E Firms
Corgan, HOK, and Gensler top Building Design+Construction’s annual ranking of the nation’s largest airport terminal architecture and A/E firms, as reported in the 2016 Giants 300 Report.
Architects | Jul 28, 2016
Connecting the dots: Architecture and design in a changing world
What do Tesla, Airbnb and Amazon have in common? They’re all shifting the paradigm for quality of life and the built environment, as CallisonRTKL senior associate VP Jayson Lee explains.
| Jul 26, 2016
ENGINEERING GIANTS: Firms continue to push innovation
Trends include 3D printing, modular hospitals, and fluid dampers.
| Jul 26, 2016
Top 80 Architecture/Engineering firms
Stantec, HOK, and Callison RTKL once again top Building Design+Construction's 2016 ranking of the largest architecture/engineering firms in the United States.
| Jul 25, 2016
Top 35 Engineering/Architecture Firms
AECOM, Jacobs, and Thornton Tomasetti head Building Design+Construction's 2016 ranking of the largest engineering/architecture firms in the United States.
| Jul 25, 2016
Top 100 Architecture Firms
Gensler surpasses $1.1 billion in revenue, topping Building Design+Construction’s annual ranking of the nation’s largest architecture firms, as reported in the 2016 Giants 300 Report.
