LOS ANGELES—After five years of groundwork and $50 million spent trying to bring an National Football League franchise back to Los Angeles, AEG is dropping its plans for a downtown football stadium.
The sports and entertainment company is done negotiating with the league or any NFL teams about the project, the Los Angeles Times reported recently.
AEG vice chairman Ted Fikre told the paper that the firm had turned its attention toward “a different development.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
