L.A. City Council approves plan for $1.2 billion downtown stadium

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The Los Angeles City Council approved a $1.2 billion plan by AEG in an attempt to lure an NFL team back to L.A.

The Los Angeles City Council unanimously approved a $1.2 billion proposal by AEG to build a stadium in downtown L.A. The vote was 12-0.

The AEG plan includes not only the construction of a 76,000-seat stadium, which would be named Farmers Field, but also a refurbished convention center at a cost of $391 million. The proposed stadium would generate thousands of jobs and tax revenue for the city, councilwoman Jan Perry said.

There have been some concerns regarding the project, in particular about traffic, the environment, and how downtown might be changed by the scale and scope of the project. However, council members have been supportive of the project and have voiced few concerns.

Additionally, the project has the support of labor unions (as AEG announced union workers would be the ones working on the project), and AEG's plan would be paid for privately.

AEG also owns Staples Center in downtown L.A.

The NFL, however, has not indicated that a team will return to Southern California.

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