With applause from downtown business leaders and union officials, the LA City Council today approved what's called a "non-binding" memorandum of understanding -- 12 votes to zero. AEG, which owns Staples Center and LA Live, can now begin to arrange financing for a football stadium next to them near the intersection of westbound Interstate 10 and the northbound Interstate 110 freeways. It's already been named Farmers' Field for Farmers' Insurance.
One NFL Stadium…or Two?
Credits
Guests:
- Rick Orlov - Los Angeles Daily News - @Rickorlov
- Jan Perry - former LA city councilmember - @JanPerry
- Taylor Talt - Majestic Realty
- Ron Kaye - RonKayeLA.com