The 88-year-old Rose Bowl stadium.
A $400,000 environmental impact study was approved in a 6-to-1 vote by the Pasadena City Council on Monday night as the first step in potentially offering up the Rose Bowl as a temporary home for LA's non-existant NFL team.
The study -- examining land use, air quality, noise, and traffic impact -- will take about eight months to complete, and the city will split expenses with Rose Bowl Operating Committee. The committee still has approve a $200,000 transfer to the city's General Fund, however, notes the SVG Tribune.
Rose Bowl General Manager Darryl Dunn told KPCC he believes the cost is worth it and that the stadium can provide a comfortable interim home. "We’re in the middle of a renovation which will be completed substantially by September of 2013, which would be the soonest a team would be moving here," said Dunn.
Photo by Michael Chen via Flickr Creative Commons
The giant MLS in the sky has been shining brightly on the City of Roses, revealing an interesting truth about the real estate market in Pasadena.
Just outside of Los Angeles County, where home prices dropped about ten percent from 2010-2011, there's a realm of real estate that's reportedly on the rise.
Offering small-town conveniences and big city cultural outposts, the "charming refuge 20 miles from Beverly Hills" gives city folk a still-commutable "escape from clamor," all without sacrificing unique architecture, The Hollywood Reporter details in a recent magazine piece.
The median price of houses sold in the wealthy 91105 and 91106 Zip codes rose from $888,500 in 2010 to $907,165 in 2011. "Despite the general market decline, here it's remained pretty strong -- if anything, we're lacking in good inventory," says Ted Clark, a broker at Deasy/Penner & Partners.