MAYOR VILLARAIGOSA, COUNCILMEMBER PERRY, AND AEG SIGN AGREEMENT FOR DEVELOPMENT OF FARMERS FIELD AND NEW CONVENTION CENTER
Mayor Villaraigosa Applauds Major Milestone in Downtown Revitalization and Efforts to Bring Football Back to Los Angeles
LOS ANGELES – Mayor Antonio Villaraigosa, Councilmember Jan Perry, and AEG President Tim Leiweke today signed the implementation agreement for the modernization of the Convention Center and the building of Farmers Field.
On Friday, September 28, 2012, the City Council voted unanimously to approve the creation of Farmers Field and the modernization of the Los Angeles Convention Center. Building of the project will begin once AEG secures a football team from the NFL.
“We are a giant step closer to bringing NFL football back to Los Angeles, said Mayor Villaraigosa. “But this project means more than a potential NFL stadium. It also means a modernized convention center and thousands of new jobs for LA.”
"Today is a historic day for Los Angeles. By signing this agreement, we are demonstrating our firm commitment to investing in our local economy, creating tens of thousands of new jobs, and developing our Convention Center into a leading destination while protecting the taxpayer," said Councilwoman Jan Perry whose district includes the area where Farmers Field will be developed. "We are also sending a clear signal to the NFL that Los Angeles is ready and eagerly awaiting the return of football."
“This has been a long, difficult process but, sometimes ‘the project of our lifetimes requires that we stay at it and do whatever it takes’ and, that is what it took to make Farmers Field and the new Convention Center a reality,” said, Timothy J. Leiweke, President & CEO, AEG. ”I thank the Mayor for his leadership and for plowing straight ahead and thank the Council for their faith and confidence in this project. The road still has some twists and turns but, we can see the light at the end of the tunnel and for the first time in more than 15 years we can say that about the NFL returning to Los Angeles.”
The project includes building an iconic 76,000 seat stadium, transforming Gilbert Lindsay Plaza into a world-class public space, and modernizing a 50-year old Convention Center into one of the preeminent convention centers. It is expected to create between 20,000-30,000 jobs.