Inglewood, CA, United States (4E Sports) – St. Louis Rams team owner Stan Kroenke has purchased a 60-acre land plot in Inglewood, California that could be a possible site for a new NFL stadium.
According to several media reports, the land purchased by Kroenke through an affiliated holding company is located between the Forum and Hollywood Park.
Kroenke has made much of his fortune by way of land development and has long owned large amounts of land in California and elsewhere.
It has yet to be known whether Kroenke’s move is simply adding to his land or being used for other means related to his football team remains to be seen.
A clause in the Rams’ lease at the Edward Jones Dome in St. Louis is set to kick in at the end of the 2014 season.
If the stadium hasn’t been upgraded to one of the eight best venues in the NFL before that time, the Rams’ lease will then become a year-to-year proposition beginning in 2015.
There are discussions to raise the stadium’s standards but no resolution was reached. In 2012, the St. Louis Convention and Visitors Commission proposed a $124 million upgrade to help the Edward Jones Dome reach the “first tier” standard.
The Rams countered with a more elaborate proposal which was estimated to cost somewhere in the range of $700 million.
Los Angeles has been without a professional football franchise since the Rams and Raiders departed for St. Louis and Oakland, respectively, in 1995.
The league currently has a strict and expensive set of guidelines for a team to meet before relocation would even be put to a vote before the league’s 32 owners.