May 19, 2015 12:28 PM
Land deal closes for proposed LA-area NFL stadium in Carson
The Associated Press
LOS ANGELES (AP) A complex land transaction has closed that marks another step toward development of a shared NFL stadium near Los Angeles for the San Diego Chargers and Oakland Raiders.
Chargers attorney Mark Fabiani says the transaction for land in the city of Carson closed Tuesday.
The centerpiece of the deal sends the deed for 157 acres of a former landfill to an entity controlled by the city. That entity will own and control the site and lease it to a stadium authority.
It's a model similar to one used by the San Francisco 49ers for their new stadium in Santa Clara.
The Carson proposal is one of two being advanced in the Los Angeles area. St. Louis Rams owner Stan Kroenke is part of a group proposing a stadium in Inglewood.