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Old 03-05-2013   #1
CloakNNNdagger
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Default Path of NFL to Los Angeles Following Same Ugly History

Does this surprise anyone?

Sources: AEG's downtown L.A. stadium proposal looks like a no-go for the NFL

Quote:
Less than six months after the L.A. city council voted unanimously to support AEG's plan, the concept is essentially dead to the NFL, according to two sources. The problems with the plan are numerous, but the most essential one is the economics.

AEG's proposed NFL football stadium, to be named Farmers Field, is depicted next to Staples "The numbers just don't work, no matter how you look at the deal," a league source said in February. "It's either too hard for AEG to make money [and pay the debt on the stadium] or too hard for the team. I just can't see a way for it to work."

Officially, a league spokesman said Monday that the NFL is still tracking what AEG is trying to do.

"We continue to monitor the AEG situation and remain interested in multiple sites in the Los Angeles area," NFL spokesman Brian McCarthy said in a statement.

Unofficially, the NFL believes that the cost of the AEG plan, which the league believes will be at least $1.8 billion, will make it unworkable.
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