An NFL team would have to commit to remaining in a proposed downtown Los Angeles stadium for 20 to 30 years for the city to approve the project, a key city negotiator said Monday. The city will seek “hard-and-fast agreements†that a pro football franchise would not leave a proposed $1 billion stadium to be built on public land next to the Los Angeles Convention Center until city debt related to the project is repaid, Chief Legislative Analyst Gerry Miller told a City Council panel. The developer, a subsidiary of Anschutz Entertainment Group, has proposed tearing down and rebuilding part of the Convention Center to make way for a privately owned stadium that would complement the firm’s other holdings in the area, including Staples Center, the LA Live entertainment district and two hotels. Los Angeles officials and fans are sensitive about such commitments because the city has lost two NFL teams in the past — the Raiders to Oakland and the Rams to Anaheim and eventually St. Louis. Source: FOXSports
No it doesn't. You wanna guarantee they stay you put asses in every seat every game. A team would be nuts to sign a guarantee to stay for 30 years
Of course they want a guarantee...they'd be stupid not to want one. Whether a team will do it is another story.
Only those who care about the NFL TV revenue (owners) care about having a football team in LA. The people who live there have proven multiple times that they don't care.
Right, it would be stupid for a team to sign a contract to stay for 30 years. It would be even stupider for a city to build a stadium that won't be used if the team leaves. So, it makes sense that LA wants a guarantee, I would demand one too if I was building a 1 billion dollar stadium.
30 year lease isn't unheard of. It's actually quite common. The Eagles lease the land from the City of Philadelphia and that lease is 30 years. The Santa-Clara deal for the 49ers was supposedly 40 years. Jaguars lease doesn't end until 2030... It is however, Los Angeles...lol.
I think that the NFL is set on having a team in LA and therefore I think this lease will happen. Also, fans will pack the seats in LA if the team is winning. And hell its another warm super bowl destination.
