LA Voters Approve Bond Measure for New NFL Stadium

By: AP Email
By: AP Email

Voters approved a bond measure Tuesday that would provide $150 million for infrastructure improvements at a 600-acre site near Los Angeles where a stadium has been proposed to lure an NFL team.

Voters in Industry, a tiny town about 15 miles east of Los Angeles, passed the measure 60-1, though city officials have yet to certify the plan.

The results support a proposal by billionaire developer Ed Roski's Majestic Real Estate Co. to build an $800 million stadium if an NFL team agrees to move there.

Industry is hosting the latest in a long string of plans to bring an NFL team back to Los Angeles after the Rams and Raiders exited the nation's second-biggest market after the 1994 season.

Majestic, which helped develop Staples Center — home of the NBA's Lakers and Clippers and the NHL's Kings in downtown Los Angeles — is convinced a disgruntled football team would jump at the chance to play in a new stadium.

NFL officials have said the league is monitoring potential stadium developments in the Los Angeles area but have declined to comment on specific sites or teams that might move to the region.

Majestic agreed with NFL officials not to make any formal overtures to team owners until Industry officials certified the plan, which they could do on Thursday at a City Council meeting.

Neighboring cities worried about traffic and noise have threatened lawsuits to stop the stadium. And there is no guarantee the National Football League would condone Roski shaking loose a team from its current home field.

The $150 million was proposed to improve streets, lighting and sewers on the site, with repayment coming through ticket sales and parking fees. It was included in a ballot measure that called for the city to raise a combined $500 million through the sale of general obligation bonds to funds street repairs and other enhancements throughout the city.

City Clerk Jodi Scrivens said the voting results were unofficial but appeared solid. Industry has 84 registered voters, mostly old-timers whose homes were grandfathered into the city when it was incorporated five decades ago. It is zoned primarily for business and industry.


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