According to two stories (February 9 and February 12), in the Los Angeles Times, the Inglewood City Council could vote as early as February 24 on developer Stan Kroenke's plan to build a $1.5 billion football stadium with a retractable roof at the former Hollywood Park racetrack. The developers have cooked up ways to bypass environmental reviews. There are more than enough signatures to put the matter on the June ballot, but it's likely the council will approve the plan for the 80,000-seat stadium outright. The stadium seems to have overwhelming public backing.
There are two other stadium proposals — one downtown — on the table, but Inglewood seems to have a big lead.
Kroenke owns the St. Louis Rams, and commentators think he will try to move the team to Los Angeles. The Rams moved to St. Louis from Los Angeles in the mid-1990s. The team could not get satisfactory subsidies from a Southern California location and were able to move into a new indoor stadium in St. Louis for very little monetary outlay. Now, St. Louis is trying to put together plans for a subsidized $900 million stadium on the riverfront to keep the team.
The Times stories do not address the Chargers' situation. Management claims it gets 30 percent of its revenue from the Orange County and Los Angeles areas. Thus, if the estimate is true, the existence of one or two teams in L.A. would almost force the Chargers to move. They have not been able to work a deal in Los Angeles but may still be negotiating. One problem is that the Spanos family, owner of the Chargers, does not appear to have the funds of other National Football League owners — perhaps not enough to move to the Los Angeles area or contribute significant funds to a new St. Louis facility. But the Chargers could have the funds to occupy the current St. Louis stadium, which has been in use for only two decades.
San Diego is the 17th largest United States metropolitan area with a population of 3.2 million. St. Louis is 19th with a population of 2.8 million. However, both markets have the same problem: a shortage of extremely wealthy people who would occupy luxury suites and seats and buy personal seat licenses.