LAFC to build $250m stadium on Sports Arena site with no public money, also maybe with public money

Los Angeles F.C., the sort-of MLS expansion team that will be replacing Chivas USA, has announced that it plans to build a $250 million soccer stadium plus conference center on the site of the Los Angeles Sports Arena, to be paid for by the team’s owners:

Construction would be financed by the team and its ownership group, which includes former Lakers Hall of Famer Magic Johnson; Mandalay Entertainment Chief Executive Peter Guber, co-owner of the Dodgers and the NBA’s Golden State Warriors; self-help author Tony Robbins; and women’s World Cup champion Mia Hamm and her husband Nomar Garciaparra, a former major league baseball all-star.

That’s certainly refreshing, and—

The project would be eligible for tax incentives.

Oh. How much in tax incentives, Los Angeles Times? What kind? Hello? Hellooooooo?

More to come, clearly.


3 comments on “LAFC to build $250m stadium on Sports Arena site with no public money, also maybe with public money

  1. Tearing down the Sports Arena was probably going to happen anyway. There are too many stadia in LA at the moment and it’s only going to get worse.

    Sports Arena is an age where it cannot compete with the Staples Centers and the like.

  2. Now that FOS is reporting on the machinations of lower level (LAFC is going to be an MLS team, I know, unlike Indy FC) soccer stadia in the US (yeah NASL!)– I thought Neil would appreciate this stadium story from Romania. First place (in 4th level Romanian leagues) Gilortul Targu-Carbunesti had to play their home game 25 miles away because the mayor wanted to use the stadium for his daughter’s wedding that had 1000 guests (Gilort Restaurant was not big enough). I always wondered why politicians were so keen on using public dollars for stadia and this is a huge clue.

    http://www.theguardian.com/football/2015/may/19/gilortul-targu-carbunesti-romania-mayor-wedding

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