January 8, 2015

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Including Inglewood Airport Area • Baldwin Hills • Crenshaw/LA • Ladera Heights VOL. 24, No. 2

january 8, 2015

80,000-Seat Sports Stadium Proposed for Inglewood Initiative to Appear on 2015 Ballot

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By Veronica Mackey

.A. area media is all abuzz with the latest news about a proposed 80,000-seat stadium to be built in Inglewood. Just days into the new year, the big announcement arrived at a January 5 press conference in front of Inglewood City Hall. Hollywood Park Land Company (HPLC) unveiled the City of Champions Revitalization Project, an initiative for expanded development in the heart of Inglewood, which would add a sports and entertainment complex to the previously approved Hollywood Park Tomorrow project. HPT is a mixed-use development plan consisting of more than 4 million square feet of retail, office, hotel Mayor Butts and members of Inglewood City Council and residential space. at the press conference. The project is a joint venture between Stockbridge Capital Group (SCG), a corporate the Kroenke parcel into the “The initiative has already been real estate investment management Hollywood Park plan, resulting in a filed and they have, I believe, less sprawling 298-acre site. than 90 days to collect the signaThe project will be built tures and we’ll go from there,” at no cost to taxpayers, Butts said. create thousands of conIf approved, the stadium will be struction and permanent designed by HKS, Inc., one of the jobs for local residents, world’s leading firms for the deand generate tens of mil- sign of sports and entertainment lions of dollars in annual complexes. revenue for the city. Chris Meany, Senior Vice PresiSignatures are being dent, Hollywood Park Land ComInglewood Councilman Eloy Morales. gathered to place the ini- pany; Managing Partner, Wilson firm, and The Kroenke Group (TKG), tiative on the Inglewood municipal Meany and Gerard McCallum, a leading commercial real estate and ballot in 2015. A successful ballot Manager, Hollywood Park Land development firm. TKGs Stan Kroen- measure would shorten the time- Company, shared their thoughts ke, who also owns the St. Louis Rams, frame for Inglewood’s approval on how the City of Champions Revitalization Project could impact Inglewood residents and businesses. “We’ve always tried to make the revitalization of Inglewood the headline of the (Hollywood Park) project. Gerard is always reminding me of this great history Inglewood has. Inglewood had an important regional role in sports and entertainment Artist’s rendering of City of Champions Revitalization Project. before the Lakers left. Now, purchased an adjacent 60-acre parcel of a stadium, and would mean that Inglewood will have its heart filled in 2013. The expanded project, to be professional sports could return to back in, and will be an important developed through HPLC, will in- Inglewood in 2018. destination, regardless of what hap-

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pens (with the stadium),” Meany said. He added that the Hollywood Park Tomorrow project has been in development for several years already. “It is called the City of Champions Revitalization Project (because) it is bringing the city back in terms of civic pride and the notion that Inglewood has served the county as far back as the 30s with the race track and the 60s with the Forum. It brings back that prominence and that stature,” McCallum said. Los Angeles has been without an NFL team since the Rams and Raiders left in 1994. Since Kroenke purchased the property, speculation has been swirling about the Rams returning to Los Angeles. Does this mean the stadium is being built for the Rams? Meany said there has

(L-R) Chris Meany and Gerard McCallum announce plans to expand Hollywood Park site. been some inaccurate reporting over what the stadium will actually mean in terms of NFL football: “We are announcing a stadium. It is not about a specific team coming to Inglewood. It isn’t whether it is the Rams or Oakland or any other (Continued on page 5)

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January 8, 2015 by Inglewood Today News - Issuu