Friday, January 31, 2014

St. Louis Rams Returning to Los Angeles?

Wow. This is interesting.

At LAT, "A return of L.A. Rams? Owner is said to buy possible stadium site":
The owner of the St. Louis Rams has bought a large piece of land in Inglewood that potentially could be used for an NFL stadium, multiple individuals with knowledge of the transaction have told The Times.

Within the last month, billionaire Stan Kroenke bought a 60-acre parking lot located between the Forum and Hollywood Park, according to individuals who spoke on condition of anonymity because they are not authorized to speak on behalf of the buyer or seller.

Wal-Mart originally owned the land but sold it after failing to get public approval for a superstore. Madison Square Garden Co., which owns the Forum, had planned to buy the lot for an estimated $90 million in order to acquire more space for parking and possibly additional development. However, MSG was informed by Wal-Mart at the end of 2013 that the land had already been sold to an unnamed party. The individuals confirmed the buyer is Kroenke, a former Wal-Mart board member and husband of Ann Walton Kroenke, daughter of Wal-Mart co-founder Bud Walton. For years, Kroenke has owned a substantial amount of land in Southern California. The Rams neither confirmed nor denied that Kroenke had purchased the land and declined to comment on the situation.

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