New NFL Stadium Will Resurrect A Historic California Community
The new Rams/Chargers facility will bring glory back to InglewoodBy Steven Toroni In January of 2016, it was announced and confirmed that the St. Louis Rams of the NFL were moving back to Los Angeles for the start of the 2016-17 season. Along with the Rams, the Chargers have relocated to L.A. and will soon be followed by a massive multi-billion dollar project known as the Los Angeles Stadium at Hollywood Park/City of Champions Stadium - located in Inglewood, California. Part of the plan for such a massive project is to expand the metropolitan area of Inglewood and revitalize the community. The property of the stadium will include a full-sized pool, restaurants, a hotel with up to 300 rooms, and more than 2,500 residential units in the surrounding area (Hollywood Park Life, 2016). The stadium facilitates an image to make Hollywood Park an attractive place to eat and even live rather than a place to just watch a football game. The new stadium in Inglewood has an opportunity to resurrect the economy of an entire city. Although, as the old adage goes: “You’ve got to spend money to make money.” According to Vincent Bonsignore of the O.C. Register, The NFL approved a waiver on March 27 that allows an increase in the Rams’ debt limit from $2.6 billion to close to $5 billion. This cost will include an active site for NFL Network and NFL.com staff who will use the property of the facility as a home base. The NFL Network headquarters currently resides just 20 minutes (or an hour depending on traffic) north on The 405 of the new multi-purpose facility. The stadium’s working opening date has jumped up from 2019 to 2020 and is already scheduled to host Super Bowl LVI in 2022 and the 2028 Olympic Games.
Construction on new Rams stadium creating jobs in Inglewood https://t.co/7dhalit2Be pic.twitter.com/BmXfiuwkIW — ABC7 Eyewitness News (@ABC7) March 29, 2018All bets are currently being hedged by the Rams franchise as they have invested the capital that suggests they are on a mission to get everyone in southern California on board for the highly anticipated 2020 season in Inglewood. After finishing second in attendance in the Rams first year back in Los Angeles in 2016- where they continue to play, at the Los Angeles Memorial Coliseum - they finished 26th in 2017. Last in home attendance in 2017? The Los Angeles Chargers. Of course, that number is skewed with the 27,000 people that the Stubhub Center holds (the Coliseum holds over 93,000 people). Both teams will have a $5.4 billion dollar price to live up to as well as the anticipation of a new era in Los Angeles football in 2020. “The Revitalization Project”, as it has been labeled by Hollywood Park Life, has not only brought the excitement of the Los Angeles Rams coming back to the city where the franchise originated, but has an opportunity to positively impact a city that has struggled relatively speaking (considering its close proximity to the booming Los Angeles downtown area and Beverly Hills) for virtually all of the 21st century. The gentrification process has already begun in Inglewood and it is currently transitioning into an acceptable place to live and even raise a family. As a community does its best in a transitional period, the Los Angeles Stadium at Hollywood Park/City of Champions Stadium acts as its biggest investor, expected to bring in about 21 million dollars in stadium-related revenue annually.
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