Jelani Scott | Sports Editor
The St. Louis Rams are looking to reshape their franchise in a familiar place with their planned move to California into a complex that will be located a few miles from downtown Los Angeles.
On January 12, NFL owners voted 30-2 to approve the relocation and end the 21-year drought that LA has endured without a NFL team.
Matthew Ponsford of CNN reported on Tuesday that the 300-acre development in Inglewood, California is projected to feature a 3.1 million-square-foot multipurpose venue that will seat 80,000-plus people.
The estimated cost for the project is $2.6 billion, which would make it “the world’s most expensive stadium complex.” On January 19, reports of a potential partnership with the Rams and the San Diego Chargers surfaced.
The Chargers have until March 23 to declare where they will play in 2016 but their decision to join the Rams has a January 15, 2017 deadline. If the Chargers decide to stay, the Oakland Raiders will have the opportunity to return to the city they played in from 1982-1994 when the stadium opens in 2019.
Ponsford went onto report that the development is projected to be “twice the size of the original Disneyland Resort in Anaheim, California, and will also host a 6,000-seat performance venue, more than 1.5 million square feet of retail and office space, 2,500 homes, a 300-room hotel, and 25 acres of parks.”
According to ESPN, the price to move a NFL team is $550 million. “[Rams owner Stan] Kroenke has the option to either pay that all at once or with 10 annual installments of $64 million” but “Kroenke will pay it in a lump sum,” the article highlights.
“We understand the emotions involved of our fans,” Kroenke said last Tuesday. “We made a decision and worked long and hard at the various alternatives. When they didn’t succeed, we worked this one to this point.”