AEG's stadium plans might resemble Cowboys Stadium

Except a little cheaper and smaller. AEG's Tim Leiweke has been looking at the new Dallas facilities in preparing a stadium plan for downtown Los Angeles with a retractable roof and 218 luxury boxes. He figures it'll cost $1 billion, which is cheaper than both Cowboys Stadium and the New Meadowlands Stadium ($1.2 billion and $1.7 billion respectively). Leiweke is in the process of soliciting design bids. From SportsBusiness Journal:

The pursuit by AEG President and CEO Tim Leiweke to bring the NFL to Los Angeles, a venture that includes Wasserman Media Group CEO Casey Wasserman, continues to move forward. But before breaking ground at the site -- across the street from AEG-owned Staples Center and the AEG-developed L.A. Live entertainment district -- the group still has deals to get done with the NFL and a team to make the move to Los Angeles. AEG also has to make a separate deal with city officials to build the stadium on land where part of the Los Angeles Convention Center stands, Leiweke said.

[CUT]

AEG officials are talking to several NFL teams about relocating, Leiweke confirmed, but he refused to identify those clubs. "Whatever we do with the teams, it is completely under the direction and the approval of the commissioner [Roger Goodell], so I will follow his lead religiously," Leiweke said. "I'm not going to get out in front of the 32 team owners or the league office."

One thing about the AEG folks: They don't dilly-dally.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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