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Lawsuit against downtown LA NFL stadium settled

Posted: November 2, 2012 9:00 a.m.
Updated: November 2, 2012 9:00 a.m.

Councilwoman Jan Perry, Los Angeles Mayor Antonio Villaraigosa, and Anschutz Entertainment Group (AEG) President Tim Leiweke joke before signing an "implementation agreement" for the modernization of the Los Angeles Convention Center and the construction of a new NFL stadium in downtown Los Angeles on Oct. 3.

LOS ANGELES (AP) — Anti-poverty groups have reached an agreement in their lawsuit against Anschutz Entertainment Group's proposed development of an NFL football stadium in downtown Los Angeles.

In a joint statement Thursday, the Play Fair at Farmers Field Coalition and AEG announced the creation of a $15-million trust fund for low-income housing in Pico-Union, south LA and downtown, among other community improvements.

AEG President and CEO Tim Leiweke says the legal negotiation quickly evolved into a cooperative dialogue with the community on important issues, such as affordable housing.

The agreement also secures improvement projects for air quality, bus service and health in downtown.

AEG is hoping to have an NFL team playing at the Farmers Field — a $1.5 billion, 72,000-seat venue — by the 2017 season.



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