AEG Willing to Pay L.A. Lease Payments for Proposed Stadium Land

February 18, 2011

Leading stadium specialist AEG has reportedly offered to make lease payments for use of city land as part of a financing deal for Farmers Field, ailment the planned NFL-ready stadium in downtown L.A.

AEG lists rent from a proposed ground lease as “part of the revenues that would be used to repay” the $325-350m in city bonds that would be issued for the project.

AEG submitted a three-page document to city negotiators on Wednesday, remedy February 16, but according to the LA Times, this “does not indicate how much would be derived from a long-term lease”.