Los Angeles - Hollywood Park NFL Stadium Moving Fast

Los Angeles – Hollywood Park NFL Stadium Moving Fast

Posted February 12, 2015

In California, Commercial, development, Los Angeles, net lease

There just might be a new 80,000 NFL stadium on the site of the old Hollywood Park under construction by the end of the year.

St. Louis Rams owner Stan Kroenke announced last month that he’s joining Stockbridge Capital who was already building a mega project on the site with single family and multiunit residential, retail, hotels on the site of the old Hollywood Park racetrack. Kroenke will add a football stadium and entertainment venue to the site. The area could use some new, fresh net leased retail. What’s stunning though is that they intend on beginning construction by the end of the year, and I presume they mean 2015.

How on earth is this going to happen that fast in Southern California? Kroenke and Stockbridge Capital are going to try to avoid the usual predevelopment process of a lengthy environment report and years’ worth of lawsuit from NIMBYs by putting the issue on the ballot in Inglewood for the required zoning change. They also are going to do an end run around the FAA by sinking the stadium 100′ into the ground to make it low enough to avoid the FAA scrutiny.

The developers do seem to have community support , which in the location, I don’t find surprising. They only need 8,400 signatures to put this one the June Ballot and they collected 20,000. My opinion is that they’re going to pull this off.

NNN Property

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