LA’s original football team, is coming home. The team that left LA in 1994, returns home after 22 years. The Rams, who first moved to Los Angeles from Cleveland in 1946, will also pay the NFL a $550 million relocation fee.The Rams, who won one Super Bowl since leaving Los Angeles in 1994 for St. Louis, will play their home games at the L.A. Coliseum until their $1.86 billion stadium in Inglewood, roughly 10 miles from downtown Los Angeles, is complete.The Rams, who first moved to Los Angeles from Cleveland in 1946, will also pay the NFL a $550 million relocation fee.
Rams owner Stan Kroenke teamed up with Stockbridge Capital Group ,to craft the stadium plan, which includes the option of housing a second team. The plan includes a one-year option for the San Diego Chargers to join as the second team in Los Angeles.The Rams’ home will ultimately be on the site of the old Hollywood Park racetrack in Inglewood in what will be the league’s biggest stadium by square feet, a low-slung, glass-roofed football palace with a projected opening in 2019 and a price tag that could approach $3 billion. With a retractable roof, the stadium will be capable of expanding to 80,000 seats for special events, and it will be part of a massive entertainment, retail and residential complex. Kroenke envisions a massive complex , similar to that of LA Live. Many are banking on the stadium, in particular, to energize the region. Inglewood could become the new Brooklyn, in terms of economic and real estate development.
For 20 years Los Angeles had been an NFL wasteland without a franchise since the Raiders and Rams left the region in 1994.For more than two decades, billionaire developers, corporate titans, Hollywood power-brokers and four Los Angeles mayors tried and failed to bring the National Football League back to the nation’s second-largest market. In the past, the threat of relocation to Los Angeles has worked to push other cities to pony up public money. With the idea of future Super Bowls, Pro Bowls, Wrestle-manias , and other events, this is a huge win for the city of LA. Inglewood, is finally up to some good.
The LA Rams, will playing at the Los Angeles Coliseum, the home of the University of Southern California Trojans.The Coliseum, however, isn’t exactly a brand new venue. It was built in 1923. Additionally, during part of the time frame where the Rams’ Inglewood stadium is under construction, the Coliseum likely will be getting a face lift. In October, USC announced a $270 million plan to renovate the Coliseum. Pending approval, USC plans to begin construction following the 2017 season and finish by the 2019 season.