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Plans Revealed for 298-Acre Sports Park

INGLEWOOD, CA—Hollywood Park Land Co., a joint venture between Stockbridge Capital Group and the Kroenke Group, unveil plans for an extended sports and entertainment district at Hollywood Park.

By Kelsi Maree Borland | Updated on January 07, 2015

INGLEWOOD, CA—Hollywood Land Park Co., a joint venture between Stockbridge Capital and the Kroenke Group, has unveiled plans for its extended City of Champions Revitalization Project at Hollywood Park in Inglewood. The 298-acre development project will serve as a sports and entertainment district. The capital investment in the project is undisclosed.

Stockbridge Capital and the Kroenke Group joined forces last year to create an extended development for the park. Stockbridge Capital purchased the 238-acre land parcel, which was formerly a racetrack, in 2005 for the development, and has already begun construction on the project. The Kroenke Group then purchased an adjacent 60-acre parcel of land. The partnership joins the two land parcels together into an extended development. An unnamed source from the Hollywood Land Park Co. tells GlobeSt.com that because the two investors had neighboring plots, they were “a nice fit” and there was “good synergy.”

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