The Los Angeles Memorial Coliseum Commission has approved a lease agreement with the University of Southern California, giving USC long-term control of day-to-day operations at the historic stadium and neighboring Sports Arena.
City News Service says the board voted 8-to-1 Monday with L.A. City Councilman Bernard Parks casting the lone dissenting vote.
Under the agreement, the commission continues to oversee both buildings but USC will control day-to-day operations, including scheduling of events and possible naming rights negotiations.
The lease with USC has an initial term of 20 years, with five renewal options that could extend it to 2054.
The lease includes a provision that allows the temporary use of the Coliseum by an NFL team if necessary.