The new deal, approved after two years of negotiation, marks the transfer of the master lease from the Coliseum Commission to USC.
A proposed lease would allow USC to manage the Coliseum as long as 98 years.
USC Trustee and developer Rick Caruso will not run for L.A. mayor in 2013, he announced in a statement Thursday night. Caruso, the namesake for USC’s Catholic Center, is known for developing the Grove and the Americana at Brand shopping centers and for serving as a former city commissioner. “As a lifelong Angeleno, I have […]
The suit claims the Coliseum Commission violated laws by failing to release some public records and meeting in closed sessions.
Under the agreement, USC will have day-to-day control of the Coliseum for at least 20 years.
Following eight months of negotiations, USC has obtained day-to-day control of the Los Angeles Memorial Coliseum.
Community members say they hope the Coliseum will still hold events if USC receives the master lease.
The university will need to renovate the Coliseum for its 100-year anniversary in 2021.
U.S. Capital, a sports company, says it hasn’t been able to submit a formal proposal.
The Coliseum Commission will vote on the proposed master lease at its next meeting in May.