Plans for a football stadium in downtown Los Angeles were approved by the City Council Friday, marking a crucial step in a long journey to bring an NFL team back to LA.
Anschutz Entertainment Group's privately funded $1.2 billion proposal includes a 76,000-seat stadium and a revamped LA Convention Center that would cost AEG an estimated $314 million.
The 12-0 vote came after news broke recently that AEG was for sale, raising questions about the future of the stadium plan.
Source: NBC Los Angeles. Read full article. (link)