Report: NFL Owners Voting to Increase Rams' Debt Limit for Nearly $5B LA Stadium

Timothy Rapp@@TRappaRTFeatured ColumnistMarch 27, 2018

JACKSONVILLE, FL - OCTOBER 15: A general view of a stack of Official Wilson NFL DUKE Footballs with the logos of the Los Angeles Rams on it before the game against the Jacksonville Jaguars at EverBank Field on October 15, 2017 in Jacksonville, Florida. The Rams defeated the Jaguars 24 to 17. (Photo by Don Juan Moore/Getty Images)
Don Juan Moore/Getty Images

The NFL owners will reportedly vote on a measure to increase the debt limit for the Los Angeles Rams' new stadium, according to Seth Wickersham of ESPN: 

The 80,000 seat complex deemed "NFL Disney World" will become the most expensive sports arena in the world, according to Matthew Ponsford of CNN.com, who added:

"The capacity of the new stadium could exceed 100,000 for special events, say developers. Inglewood Mayor James Butts has already announced ambitions to host the Super Bowl at the arena, which developers say will be the "cornerstone" of a year-round sports, music, and entertainment events district.

"An unnamed 'owner' is reported in the Los Angeles Times comparing their ambitions for the development to Florida's Disney World theme park. The development's footprint is about twice the size of the original Disneyland Resort in Anaheim, California, and will also host a 6,000-seat performance venue, more than 1.5 million square feet of retail and office space, 2,500 homes, a 300-room hotel, and 25 acres of parks."

The organization broke ground on the new stadium in Inglewood in late 2016, which is expected to be completed before the 2020 campaign.

The stadium will serve as the home for both the Rams and Los Angeles Chargers

"I think at the end, what we’re looking to do is take the ultimate luxury and combine it with the highest level of experience and convenience," Greg Kish, the vice president of Sales and Service for the Los Angeles Sports and Entertainment District at Hollywood Park, said in January, per Kristen Lago of the team website. "The fans in L.A, rightfully so, have a perception and definitely big expectations for their entertainment venues and we’re hoping to deliver on that."

The news of the developmental costs for the stadium comes a day after it was announced that NFL Media will be relocated to the L.A. Stadium and Entertainment District in 2021, per the team

According to that announcement: 

"The NFL will develop a 200,000 square foot space to headquarter operations for hundreds of employees at NFL Network, NFL.com, the NFL app and NFL RedZone. In addition to office and studio space, the facility also will feature NFL Media’s first outdoor studio and space to host studio audiences. The new NFL Media campus is expected to open by the summer of 2021."

The Rams are currently playing at USC's Los Angeles Memorial Coliseum.

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