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AEG seeks six-month extension of Farmers Field agreement

Handout of architectural firm Gensler's artist rendering showing the proposed Farmers Field stadium and event center

Los Angeles-based architectural firm Gensler’s artist rendering shows the proposed Farmers Field stadium and event center in this undated handout image supplied to Reuters by AEG. The Los Angeles City Council granted approval Friday to a $1.2 billion plan to build a downtown football stadium, putting the nation’s second largest city closer than it has been in years to having a professional football team. REUTERS/Handout (UNITED STATES - Tags: BUSINESS SPORT POLITICS) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS

REUTERS

As the NFL privately claims that a return to Los Angeles is coming sooner than later, one of the companies hoping to build an L.A. stadium hopes to expand a soon-to-be-expiring window for doing so.

AEG has announced that it is seeking a six-month extension to an agreement with the City of Los Angeles regarding the construction of the venue that already is known as Farmers Field. The current deal expires on October 18.

“We have resumed discussions with the NFL and, while much remains to be done before a deal could come together, we remain committed to this project,” AEG president and CEO Dan Beckerman said. “In light of the positive tone of recent conversations, we feel it would be productive to continue this dialogue while at the same time further exploring alternative plans with the City.”

AEG hopes to build a downtown stadium, at the L.A. LIVE complex. Rams owner Stan Kroenke has acquired acreage at Hollywood Park, another potential location for an NFL stadium.

The Raiders, Rams, and Chargers are among the teams that could relocate to Los Angeles. It’s possible that L.A. eventually will have two teams, like it last did 20 years ago, right before the Raiders and Rams left town.