Sam Farmer of the L.A. Times reports that St. Louis Rams owner Stan Kronkee is prepared to build his own stadium on the 60 acres of land he purchased in Inglewood, California.
Kronkee has reportedly joined forces with the owners of the Hollywood Park site, Stockbridge Capital Group. The parties are prepared to build an 80,000-seat NFL stadium and 6,000-seat performance venue.
“We are excited to unveil an expanded plan that will bring a world-class sports and entertainment district to Hollywood Park,” Terry Fancher, founder of Stockbridge, said in a statement. “We are committed to working with [the Kroenke Group] to build a project that will put Inglewood back on the map as home of the truly great sports and entertainment venues.”
As Farmer points out, this is the first time that an NFL owner has controlled a local site large enough for a stadium and parking, which is notable given the number of stadium proposals that have ultimately gone nowhere.
According to Farmer, Kroenke has the ability to move quickly, as the Rams can convert their stadium lease in St. Louis to year-to-year.
Every expectation is that the Rams will do so, even if it ends up being just a power-play for Kroenke to get better proposals out of the city of St. Louis.
Farmer mentions that the two sides are believed to about $575 million apart in their negotiations, but St. Louis is expected to have a new proposal by the end of the month.
It’s worth mentioning that no team will be relocating to Los Angeles for the 2015 season, as the deadline to file the required relocation application has come and gone.
Should the Rams or another team like the Chargers or Raiders decide to move for the 2016 season, it has been suggested that the Coliseum or Rose Bowl could be temporary venues until a new stadium is built.
This is a story we’ll be hearing much more about in the coming months.