USC Coliseum takeover plan includes parking lots
LOS ANGELES (AP) A proposed agreement for USC to take over the struggling Los Angeles Memorial Coliseum would give the private school control of public parking lots and an option to tear down the nearby Sports Arena.
The Los Angeles Times says a draft of the proposal was released Tuesday. Public meetings will follow.
The proposal is part of a lease package that would allow the University of Southern California to take over operation of the Coliseum and Sports Arena for up to 99 years. USC would pay the state rent and make tens of millions of dollars in improvements to the Coliseum, its home football stadium.
USC also would have an option to raze the aging Sports Arena and build a professional soccer stadium.