Last month, the L.A. City Council approved the proposed NFL stadium that has a name but no team. Now, any potential litigation aimed at derailing the project has been resolved.
AEG and the Play Fair Coalition have announced that recent litigation challenging the project has been settled.
“This began as a legal negotiation but soon evolved into a cooperative dialogue about how we could work together to achieve the common goal of serving the needs of all segments of the community on important issues such as affordable housing,” AEG president and CEO Tim Leiweke said in a release. “We are excited about the opportunity for our foundations, our corporate partners and the rest of the philanthropic community to play an active role in leveraging the goodwill of AEG and Farmers Field to help deliver even greater benefits to those most in need. With this important milestone, for the first time in almost two decades the City of Los Angeles is finally poised to see the return of the NFL. With this settlement in place, the project can move forward to spur job creation and offer an even more robust package of measures benefiting the community.”
The project can move forward only if a team, or two, will move there. That’s the far bigger hurdle than any litigation that was or could have been filed during the limited window for filing suit against the proposed stadium.