April 16, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

AEG given six month extension to secure NFL team for Los Angeles

The Los Angeles City Council today extended for six months a 2012 deal with AEG in which the developer agreed to secure an NFL team for Los Angeles, build a football stadium and help expand the Los Angeles Convention Center.

With the original  pact expiring on Saturday, the company has yet to get a National Football League franchise to agree to move to the city.

The council approved a six-month extension without discussion.

AEG executive Ted Fikre told Economic Development Committee members last week the company is “obviously disappointed that we have been unable to secure an NFL commitment today,” but they are still “committed to the vision” of the 2012 agreement.

He said he could not guarantee the city a team, but said there were “a lot of variables at play,”  involving the league and “one or more teams.”

“What we can say is, we’ve made progress in recent months, with the renewed dialogue with the NFL, that it was encouraging enough to us that we felt it was worth taking some more time to continue the effort,” Fikre said.

Fikre said the NFL appears to be more interested in relocating a team than creating a new one to play in Los Angeles.

As part of its extension request, AEG also agreed to foot the $750,000 bill for “Plan B,” in case they fail to secure a football team. The money would fund a design competition that would result in six concepts for expanding the Los Angeles Convention Center and to pay the costs of conducting environmental studies of the designs.

Fikre said that while they are working with the city on the back-up plan, their “first choice” was to build the football stadium.

City Administrative Officer Miguel Santana also said “the preferred choice” is still to continue with the original 2012 agreement to create a home for a Los Angeles football team, and using the revenue generated from the stadium to pay for two-thirds of the cost of improving the Convention Center.

The “Plan A” agreement includes AEG “taxing themselves of L.A. Live to generate some of the revenue necessary” to build the stadium, he said.

`There’s no public subsidy whatsoever of the stadium itself,” Santana said. “And people find that hard to believe, but actually not a single penny of public money will be going to build a stadium if we move forward.”

Tags: in News, Sports
Related Posts

Saint Monica Prep: Mariner Sports Camps Focus on Fundamentals

April 15, 2024

April 15, 2024

Teams at Saint Monica Preparatory took big wins this winter season.  The coaches leading an undefeated girls’ soccer team, winning...

Sophie Dance West Dance Camp Enrolling Now

April 15, 2024

April 15, 2024

Calling all Swifties! Sophie Dance West, an all-inclusive kids dance studio that welcomes any skill level from beginner to highly...

Los Angeles Mayor Karen Bass Delivers 2024 State of the City Address Monday Evening

April 15, 2024

April 15, 2024

Mayor Highlights Achievements and Outlines Future Plans in Annual Speech Mayor Karen Bass delivered the annual State of the City...

Armed Robbery Reported in Culver City Parking Structure

April 15, 2024

April 15, 2024

CCPD Seek Public’s Assistance in Identifying Suspects Culver City Police responded to an armed robbery in the 6000 block of...

Measles Case Reported in West Los Angeles, Locations Identified for Possible Exposure

April 15, 2024

April 15, 2024

Health Officials Urge Vigilance Amid Rising Concerns The Los Angeles County Department of Public Health has confirmed a case of...

(Video) The LAPD Announces the Arrest of a Suspect in the Horrific Attacks on Two Women on April 6 in the Venice Canal Area

April 15, 2024

April 15, 2024

At a press conference on Friday, City leaders announced an arrest. @culvercitywlanews The LAPD Announces the Arrest of a Suspect...

Wise Readers to Leaders Launches Free Summer Literacy Camp for Students in Need

April 15, 2024

April 15, 2024

Nonprofit Organization Provides Educational Support and Enrichment Opportunities Wise Readers to Leaders (WRTL), a nonprofit organization, is once again launching...

LAPD Announces Capture of Suspect in Venice Canal Attacks

April 14, 2024

April 14, 2024

Authorities Provide Updates on the Arrest at Press Conference By Dolores Quintana This morning, LAPD Commander Steven Lurie, West Bureau,...

Registration Now Open for Summer at New Roads

April 12, 2024

April 12, 2024

New Roads School is accepting registration for its summer program, a vibrant selection of classes and camps curated to meet...

CodeREV Inspires Kids to Code

April 12, 2024

April 12, 2024

Budding coders, robotics engineers, game developers, animators and STEM campers are invited to join CodeREV this summer for a memorable...

YMCA Santa Monica: When School Is Out, Camp Is In

April 12, 2024

April 12, 2024

As the Santa Monica-Malibu Unified School District nears its end,  YMCA Santa Monica is setting up for its popular Summer...

Top 4 Party Boat Rentals in San Diego

April 12, 2024

April 12, 2024

Here’s a rundown of the top 4 party boat rentals that will elevate any event to an unforgettable experience: Alana...

Accents Owner Steven Hanna Reflects on Decades Long Legacy

April 12, 2024

April 12, 2024

For 37 years, Accents Jewelry has transcended mere commerce, evolving into a vibrant community, a crucible of creativity, and a...

Discover the Untold Story of Folk-Rock Icon Judee Sill in “Lost Angel” Documentary

April 12, 2024

April 12, 2024

Directors Share Insights into the Life and Legacy of the Enigmatic Musician By Dolores Quintana Have you ever heard of...

O.J. Simpson, Infamous Football Star Accused of Murder, Dies at 76

April 12, 2024

April 12, 2024

Controversial Figure Succumbs to Cancer Shortly After Diagnosis Orenthal James Simpson, a former football player who is best known for...