LOS ANGELES (CBSLA.com) — The Los Angeles City Council voted unanimously Friday to approve a plan build a new NFL stadium and convention hall downtown.
Their final approval includes the building of a $1.2 billion stadium and a new $315 million convention hall, ballroom and plaza.READ MORE: 'The Public Needs To Know': High Levels Of E. Coli Bacteria Found In Echo Park Lake
Brian McCarthy, an NFL spokesman, said in a statement Friday that, “we are closely following all stadium-related developments in the Los Angeles area.”
Anschutz Entertainment Group (AEG) says it will begin construction only after it signs a team.
Friday’s vote comes a week after billionaire investor Phillip Anschutz announced he was selling AEG, which owns the STAPLES center and L.A. Live.READ MORE: Only On KCAL 9: Tarzana Woman Tells Speaks Out On Surviving Violent Home Invasion
AEG President and CEO Tim Leiweke said on Monday that he and his executive committee have signed extensions that will keep them on with the new owners who would be committed to the NFL project.
There will be a 30-day window for legal challenges.
If all goes as planned, ground breaking of the 76,000-seat stadium could happen in March 2013.MORE NEWS: Rylee Goodrich Killed, Anthony Barajas On Life Support After Being Shot Inside Corona Movie Theater
Los Angeles has been without a professional football team since 1994, when the Raiders and Rams left.