Developer Quits LA Coliseum Panel Ahead Of Possible Mayoral Bid

LOS ANGELES (CBS) — A high-profile developer has stepped down from the panel that oversees the Los Angeles Coliseum, but he still isn’t saying whether he will run to be the city’s next mayor.

KNX 1070 investigative reporter Charles Feldman asked Rick Caruso about the motivation behind his latest move and what his political future may hold.

Caruso said the primary reason he left his position on the LA Coliseum Commission was over the concerns his influence may have on his role as a trustee for the University of Southern California — a school whose football team is one of the main tenants at the stadium.

Caruso denies there was any conflict of interest.

“There’s no conflict in my opinion, and I don’t think the city attorney really believes there’s a conflict,” he said. “Their opinion is very watery.”

Some have suggested, however, the Caruso made the move in order to distance himself from the Coliseum should he decide on a future mayoral campaign — a decision Caruso said he will make “sometime soon”.

“I’ll jump into the race if I really believe I can make a difference in the city and take four years away from business and family,” he said.

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