The owner of the St. Louis Rams plans to build an NFL stadium in Inglewood, which could pave the way for the league’s return to Los Angeles, it was reported today.
Rams owner Stan Kroenke, who bought 60 acres adjacent to the Forum a year ago, has joined forces with the owners of the 238-acre Hollywood Park site, Stockbridge Capital Group. They plan to add an 80,000-seat NFL stadium and 6,000-seat performance venue to the already-massive development of retail, office, hotel and residential space, Stockbridge and the Kroenke Group told the Los Angeles Times.
The announcement is the latest in more than a dozen stadium proposals that have come and gone in the two-decade effort to bring an NFL franchise back to the nation’s second-largest media market. But Kroenke’s move marks the first time an existing team owner has controlled a local site large enough for a stadium and parking.
Kroenke, a billionaire who built his fortune in real estate, has the ability to move quickly, according to The Times. The Rams can choose later this month to convert their lease in St. Louis to year-to-year.
The Rams declined comment on any plans to move, but it’s no secret that the team is unhappy in the Edward Jones Dome, which is outdated by current NFL standards.
Kroenke’s Inglewood plans ratchet up pressure on St. Louis to either strike a deal for a new stadium or watch the team return to Southern California, where it played from 1946 to 1994, according to The Times
Under their current deal, the Rams can end their 30-year lease a decade early because they have not reached an agreement with St. Louis officials on improvements to the stadium, The Times reported. The sides remain about $575 million apart. St. Louis is expected to offer the team a new proposal by month’s end.
