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Coordinates: 34°02′35″N 118°16′11″W / 34.0431°N 118.2698°W / 34.0431; -118.2698
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no tenants because there is not even final approval to build yet
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The [[Los Angeles City Council]] approved a non-binding MOU with AEG regarding AEG's plan to build the stadium in a 12-0 vote on August 9, 2011.<ref name=zahnise/>
The [[Los Angeles City Council]] approved a non-binding MOU with AEG regarding AEG's plan to build the stadium in a 12-0 vote on August 9, 2011.<ref name=zahnise/>

The [[Los Angeles]] Planning Commision unanimously passed Farmers Field and will be voted on by City Counsil on September 28th
<ref>http://farmersfield.com/blog/entry/planning-commission/</ref>


==See also==
==See also==

Revision as of 18:01, 15 September 2012

This redirect is about the proposed sports and events stadium in Downtown Los Angeles. For the high school baseball stadium in Lewisville, Texas, see Farmers Field (Lewisville, Texas).
Farmers Field
The Farm

File:FarmersFieldLayout.PNG
Map
Former namesLos Angeles Events Center (final planning stages)
LocationSouth Figueroa Street
Los Angeles, California
Coordinates34°02′35″N 118°16′11″W / 34.0431°N 118.2698°W / 34.0431; -118.2698,
OwnerAnschutz Entertainment Group
Capacity72,000 (estimated) (expandable to 76,000 for special events, e.g. Super Bowl)
Construction
Construction costUS$1.2 billion (estimated)
ArchitectGensler

Farmers Field is a sports and events stadium that is planned to be built in Downtown Los Angeles. The project, spearheaded by Anschutz Entertainment Group (AEG) president Tim Leiweke and former Los Angeles Avengers owner Casey Wasserman, is to be located on the current site of the West Hall of the Los Angeles Convention Center, adjacent to Staples Center.[1] The project marks AEG's second attempt at a stadium proposal on the location following a similar proposal in 2002.[2][3] The Los Angeles City Council approved a non-binding memorandum of understanding (MOU) with AEG in a 12-0 vote on August 9, 2011.[4] This non-binding MOU clears the way for AEG to start the next phase of the project, which is completing a development application and obtaining environmental clearances. The development application will include schematic designs of the stadium as well as an Environmental Impact Report. Once completed, the development application will be submitted to the City of Los Angeles for its consideration and possible approval.

The naming rights to the future stadium were purchased by Farmers Insurance.

History

ICON Venue Group, an Owner’s Representative firm in the sports and entertainment industry, was hired by AEG to represent them in the entitlement process with the City of Los Angeles in February 2011. ICON had originally partnered with AEG in 2002 for AEG's first stadium proposal attempt. That project was to be located on the same site of AEG's current proposal. The proposed plan is that the West Hall of the Los Angeles Convention Center would be torn down and rebuilt further south at a cost of US$350 million.[5] Following the completion of the rebuilt West Hall, construction of a 72,000 seat retractable roof stadium would begin over the 15 acre site. AEG expects to begin construction of the stadium by March 2013 and be completed by late 2016. Though the stadium itself would be financed by AEG,[citation needed] the company proposes that the cost of the rebuilt West Hall of the convention center be funded by city issued bonds, which would be repaid by taxes assessed on events in the proposed stadium as well as rent paid by AEG for using the land the stadium would be on.[5][6] The proposed stadium is suggested as a possible venue for future Super Bowls and NCAA Men's Division I Basketball Championships.[7] and also the possible hosting of the 2028 Olympic Games for a third time in Los Angeles since 1984 (In which Los Angeles has not bidded yet for the 2024 Summer Olympic Games). In early December 2010, Magic Johnson announced his partnership with AEG's proposal after selling his minority stake in the Los Angeles Lakers National Basketball Association (NBA) team and multiple Starbucks coffeehouse locations.[8]

The project announced in mid-2010 was initially projected at a cost of $750 million.[9] The feasibility of constructing a 72,000 (expandable to 76,000 for special events such as the Super Bowl) seat retractable roof stadium at the announced cost came into question when compared to the two newest facilities of the NFL, the new Cowboys Stadium and MetLife Stadium which were built at a cost of US$1.3 and Us$1.6 billion respectively.[10][11] Shortly thereafter, Leiweke set a formal timeline for the proposed project.[12] The project's estimated total cost is US$1.2 billion.[13]

On February 1, 2011, it was announced that Farmers Insurance Group had signed a 30-year, $700 million naming rights deal for the stadium, with the stadium to be called Farmers Field. The deal is potentially worth $1 billion if two NFL teams relocate to Farmers Field.[14]

In a February 2011 story published by InsuranceQuotes.com, Farmers emphasized that its naming rights agreement would be spread out over 30 years and that it could walk away from the deal if the Los Angeles stadium isn't completed. “While we have every confidence that this project will get done, if it does not materialize, Farmers Insurance will pay no money for the project,” said Mark Toohey, senior vice president at Farmers.[15]

In an open blog to the public on February 15, 2011 in relation to the Collective Bargaining Agreement negotiations with the NFL Player's Association, NFL Commissioner Roger Goodell expressed a desire to return the NFL to Los Angeles. He named Los Angeles first in listing cities that needed new NFL stadiums. He wrote, “The status quo means failing to recognize the many costs of financing, building, maintaining and operating stadiums. We need new stadiums in Los Angeles, Minneapolis, San Francisco, Oakland and San Diego.”[16]

On March 25, 2011, Gensler was selected by AEG to design the proposed football stadium.[17]

Five teams; the Minnesota Vikings, San Diego Chargers, St. Louis Rams, Jacksonville Jaguars and Oakland Raiders were speculated as candidates for relocation. However, the Vikings were taken out of consideration after the Minnesota State Senate approved a financing package that would allow the team to build a new stadium in the state of Minnesota by 2016.[18][19][20]

The Los Angeles City Council approved a non-binding MOU with AEG regarding AEG's plan to build the stadium in a 12-0 vote on August 9, 2011.[4]

The Los Angeles Planning Commision unanimously passed Farmers Field and will be voted on by City Counsil on September 28th [21]

See also

References

  1. ^ Jason Cole (Tuesday, 21 December 2010). "2 NFL stadium plans complicate L.A. landscape". Yahoo! Sports. Retrieved 12 September 2011. {{cite news}}: Check date values in: |date= (help)
  2. ^ Ed Roski: No Hard Feelings Over Stadium Plans. NBC LA. December 20, 2010. Retrieved 12 September 2011.
  3. ^ Ouroussoff, Nicolai (June 10, 2002). "Stadium Plan for Downtown L.A.: It's Clearly a Fumble". The Los Angeles Times. Retrieved 12 September 2011.
  4. ^ a b David Zahnise (August 9, 2011). "L.A. NFL stadium agreement approved by City Council on 12-0 vote". The Los Angeles Times. Retrieved 12 September 2011.
  5. ^ a b Arash Markazi (December 16, 2010). "AEG unveils design plans for NFL stadium in L.A." ESPN Los Angeles. Retrieved 12 September 2011.
  6. ^ Michael Lewis (4 November 2010). "L.A. Stadium Battle: Varsity Vs. the Frosh". San Gabriel Valley Business Journal. Retrieved 12 September 2011.
  7. ^ Sam Farmer (April 15, 2010). "Another NFL stadium plan for L.A.?". The Los Angeles Times. Retrieved 12 September 2011.
  8. ^ Vincent Bonsignore (December 1, 2010). "Magic Johnson, AEG want L.A. in the NFL game". The Los Angeles Daily News. Retrieved 12 September 2011.
  9. ^ Gene Maddaus (Wednesday, December 15, 2010). "Three Visions For Proposed NFL Stadium In Downtown L.A. Unleashed Today". Retrieved 12 September 2011. {{cite news}}: Check date values in: |date= (help)
  10. ^ Matt Mosley (September 15, 2008). "Jones building a legacy with $1.3 billion Cowboys stadium". ESPN. Retrieved November 28, 2008.
  11. ^ Mark Lacter (December 22, 2010). "More doubts raised about downtown stadium plan". LA Observed. Retrieved 12 September 2011.
  12. ^ Jon Regardie (Friday, December 10, 2010). "Leiweke Wants NFL Plan Within Three Months". Los Angeles Downtown News. Retrieved 12 September 2011. {{cite news}}: Check date values in: |date= (help)
  13. ^ Arash Markazi (August 10, 2011). "LA council passes AEG's stadium plan". ESPN. Retrieved 12 September 2011.
  14. ^ Arash Markazi (February 2, 2011). "Farmers to sponsor L.A. NFL stadium". ESPN. Retrieved 12 September 2011.
  15. ^ –Tina Sfondeles (2011). "Farmers' stadium deal in L.A.: Boon or boondoggle for insurance customers?". InsuranceQuotes.com. Retrieved 12 September 2011.
  16. ^ Roger Goodell (15 February 2011). "Commissioner Goodell: "We need an agreement both sides can live with"". NFL Enterprise. Retrieved 12 September 2011.
  17. ^ Farmer, Sam (March 25, 2011). "Gensler selected by AEG to design proposed billion football stadium". The Los Angeles Times. Retrieved 12 September 2011.
  18. ^ http://www.foxsportsnorth.com/05/10/12/Vikings-stadium-approved-by-state-lawmak/landing_mnvikings.html?blockID=726636&feedID=5930
  19. ^ Battista, Judy (10 May 2012). "Vikings to Stay in Minnesota". The New York Times.
  20. ^ http://www.washingtonpost.com/sports/redskins/zygi-wilfs-patience-helps-vikings-secure-a-long-term-home-in-minnesota/2012/05/10/gIQAxWTnGU_story.html. {{cite news}}: Missing or empty |title= (help); Unknown parameter |deadurl= ignored (|url-status= suggested) (help) [dead link]
  21. ^ http://farmersfield.com/blog/entry/planning-commission/
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