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Group Announces Game Plan for Professional Football Stadium in Los Angeles.

Knight Ridder/Tribune Business News, May, 2002

By Rick Orlov, Daily News, Los Angeles Knight Ridder/Tribune Business News

May 16--Seeking to quell a potential political firestorm, the head of a group seeking to bring a National Football League team back to Los Angeles is expected to announce today it will privately finance a new stadium but might need help acquiring land.

At a news conference scheduled for this afternoon, Tim Leiweke of the Anschutz Entertainment Group is expected to say the group will seek the city's help only in buying enough land for a stadium -- with the cost to be reimbursed from revenues over the coming years.

Mayor James Hahn is scheduled to attend the news conference and repeat his earlier statements of support for the effort to return professional football to...

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