LA Coliseum for sale?

[James Fields]

Interesting headline on Yahoo News suggesting sale of the publicly-owned stadium (that hosted athletics for Olympic Games) because of California state financial shortfall.

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=13575710&ch=4226716&src=news

Does any T&FN forum participant know of a consortium that could buy that stadium and restore its track and field facilities for a future World Championships?

[gh]

http://mb.trackandfieldnews.com/discuss ... t=coliseum

[James Fields]

L.A. Coliseum story update

This story is far from over. Update at: http://www.wavenewspapers.com/news/45622512.html

Interesting note: Stadium is not USC property; school just rents it via long-term lease.

Background (not in current story): To host 1932 Olympic Games, stadium construction via state money was approved by a vote of California citizens. Cost, back then, was one million dollars.

[tandfman]

Re: L.A. Coliseum story update

Background (not in current story): To host 1932 Olympic Games, stadium construction via state money was approved by a vote of California citizens. Cost, back then, was one million dollars.

Adjusted for inflation, that's about $14 million. Still pretty cheap.

[fourjz]

The Govenator can't sell it anyway,it's not owned by the state. :wink:

[James Fields]

Los Angeles Coliseum

from URL source above:
". . . stadium is owned by three entities: the State of California, Los Angeles County and the City of Los Angeles. ... state owns the land"