Posted: Oct 3, 2012 4:24 PM by The Associated Press
LOS ANGELES (AP) - Are you ready for some football? Officials in Los Angeles have put their yes in writing.
City Council members and Anschutz Entertainment Group executives signed papers Wednesday that should create a 76,000-seat stadium and make over the city's 50-year-old convention center.
Last month, the council voted unanimously to approve the $1.5 billion project.
AEG has pledged $35 million to reduce traffic problems.
The company wants to have a National Football League team on the field by the 2017 season.
AEG, a subsidiary of Denver-based Anschutz Co., is up for sale, but officials have assured the city the stadium plan will not change.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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