USC's Plan to Buy Coliseum in Holding Pattern
The Los Angeles Memorial Coliseum and several surrounding parking lots aren't going to be swiftly sold off to the University of Southern California, as the school's interest in buying the property got a yellow light of sorts from The Board of Directors for Exposition Park and the California Science Center, who yesterday opted to "continue studying" the offer, according to the Daily News.
California is eager to sell the stadium to help bring in some much-needed bucks, and USC is keen on going through with the purchase to not only have more control of the venue, but to use the lots "to help alleviate daytime parking shortages."
A vote, however, isn't going to happen right away, as the Board wants to take a closer look at the prospective sale. USC was already anticipating this take some time, and said previously that they were expecting a lengthy period of negotiations followed by the necessary approval of Governor-elect Jerry Brown once he's installed in office.
Among those keeping an eye on the negotiations are Los Angeles City Council members Bernard Parks, Jan Perry and Ed Reyes who contacted the Board to ask that they see to it there's "adequate community outreach and discussion" before any deal is approved.