Amid cheering fans, the Los Angeles Rams broke ground on its $2.66-billion stadium in Inglewood. The largest stadium of any team in the National Football League, it is slated for completion in August 2019 and will host SuperBowl LV in 2021.
“We came to Inglewood to build the most fan-friendly stadium in the world,” Rams owner Stan Kroenke said during the groundbreaking ceremony near the site of the old Hollywood Park racetrack. “We will create lots of local jobs.”
Supervisor Mark Ridley-Thomas said, “The return of the Rams and the NFL will bring tremendous economic opportunity and civic pride to Los Angeles County and beyond.”
NFL owners voted overwhelmingly in January to allow the Rams to return to Los Angeles after 21 years in St. Louis. At the groundbreaking ceremony, NFL Commissioner Roger Goodell said, “We did it for the fans.”
The stadium will be sunk 100 feet into the ground and covered with a sweeping, translucent roof. The development will include a large, covered plaza, a 6,000-seat performance venue and eventually an extensive collection of commercial, retail and residential space.
Currently, the Rams play at the Los Angeles Memorial Coliseum in Exposition Park, home of the USC Trojans. When the Rams kick off in their new home, there is a chance the team might share the facility with the San Diego Chargers, who may decide to move after San Diego residents voted against using taxpayer money to build a new NFL stadium in downtown San Diego.
The stadium is only the latest of several projects expected to spur economic development in the area. The list includes the renovation of The Forum as an internationally recognized entertainment venue; the redevelopment of Hollywood Park into a mixed-use development with housing, open space and more than 600,000 square feet of shopping and entertainment; construction of the $2 billion Crenshaw/LAX Transit line with three stations in Inglewood; and market rate housing developments that will revitalize the City’s Market Street area to rival the Third Street Promenade.