L.A. will have a look at what could be its next football stadium when the folks who own Staples Center unveil the venue's three architectural finalists Wednesday.
Tim Leiweke, the chief of Staples parent Anschutz Entertainment Group, has said he would like to invest $1 billion in an LA Live-adjacent NFL stadium that would be built on city-owned Convention Center property.
Rumor had AEG buying a stake in the San Diego Chargers in order to bring that team to town, although that has not been confirmed.
And, over the weekend, with the Minnesota Metrodome's roof getting caved by snow, there was conjecture that stadium issues in Minneapolis could push the Vikings to L.A.
The “project renderings” will be viewed by AEG execs and NFL team owners' reps before being revealed to the press at 5 p.m. at the Ritz-Carlton Los Angeles/JW Marriott Hotel downtown.
So far they're calling the venue the “L.A. Entertainment Center,” a name once shared by a downtown-adjacent nightclub. We're sure, however, with Leiweke's experience as a naming-rights king, that the venue will take on a decidedly more corporate persona (we're partial to LA Weekly Stadium).
“Cost analysis” will be discussed, according to a statement from AEG.
Leiweke has said he wants to know by March if L.A. is getting an NFL team. If so, it looks like AEG will go full-steam-ahead with this.
You, the taxpayer, will have to give up the old West Hall of the Convention Center (good riddance, some will say) to let this happen. And $300 million in city bonds, which Leiweke has said he'll virtually guarantee will be repaid, will also be required.
He has said not one cent of taxpayer money would go into this project. But it's possible that AEG would take over the entirety of the money-making Convention Center as part of the deal.