St. Louis Rams owner Stan Kroenke has plans to build an NFL stadium in the Los Angeles area, fueling speculation that an NFL team could return to the city after a nearly 20-year absence. The Rams, Oakland Raiders and San Diego Chargers are all possible tenants in 2016 for the potential stadium.
According to a Los Angeles Times report on Monday, Kroenke and Stockbridge Capital Group will use land in Inglewood to build an 80,0000-seat NFL stadium and 6,000-seat performance venue. In January 2014, Kroenke bought a 60-acre parking lot adjacent to the Forum, the former home of the Los Angeles Kings and Los Angeles Lakers. And Stockbridge Capital owns the 238-acre Hollywood Park site, a mix-use redevelopment site that previously served as a standardbred racetrack. After the Rams and Raiders left Los Angeles at the conclusion of the 1994 season, the Hollywood Park area was considered a top location for a pro football stadium.
"We are excited to unveil an expanded plan that will bring a world-class sports and entertainment district to Hollywood Park," Terry Fancher, founder of Stockbridge, said in a statement to the Times. "We are committed to working with [the Kroenke Group] to build a project that will put Inglewood back on the map as home of the truly great sports and entertainment venues."
The Rams, Raiders and San Diego Chargers are all reportedly unhappy with their current stadiums. In November, Raiders owner Mark Davis met with San Antonio officials about a possible move to the Texas city. The Chargers announced last month that they would not exercise the termination clause in their Qualcomm Stadium lease, but the team has been looking to move into a new stadium since 2002.
Though they are in the midst of a 30-year lease with the Edward Jones Dome, the Rams have the option to end their current deal a decade early. The team is looking to make improvements to the stadium, but they are approximately $575 million apart from St. Louis officials on reaching a new agreement, according to the Times.
An IBTimes staff reporter contributed to this report.