The Los Angeles City Council gave final approval on Friday for the Farmers Field stadium downtown. The project won't proceed until an NFL team is secured for the city.
As expected, the Los Angeles City Council approved plans Friday to build a professional football stadium in downtown L.A., though the actual construction of Farmers Field remains contingent on convincing an NFL team to relocate here.
The unanimous vote followed presentations by stadium developer Anschutz Entertainment Group (AEG) that included appearances from athletes Rodney Peete and Kareem Abdul-Jabbar, businessman Steve Bing and high school football teams from South L.A.
Billionaire Patrick Soon-Shiong was also in the chamber. He is expected to make a bid for AEG, which is being sold by its parent company, the Anschutz Corporation. AEG executives have said they will find a buyer who will abide by its agreement with the city.
Asked about Soon-Shiong’s appearance and his interest in purchasing AEG, the company’s chief Tim Leiweke told reporters, “I don’t speak on his behalf yet.” Leiweke's contract with AEG was recently extended by five years. It's expected he will continue to work with a new owner.