Ana Vista, the developer of the LA Coliseum arena, says it won’t build a downtown arena unless a new stadium is built to accommodate the city’s growing population.
In an email to The Associated Press, the city of Los Angeles told The Los Angeles Times it would not purchase the land needed for a new soccer stadium.
The LA City Council unanimously approved a resolution in April that would authorize $300 million for a $1 billion stadium.
That includes $200 million for public infrastructure improvements and $150 million for infrastructure upgrades, including $100 million for construction of a tunnel to support the stadium.
Los Angeles Mayor Eric Garcetti, who was the subject of the bill, says the new funding is needed to address the needs of the city and its residents.
The new stadium, which is expected to be finished by 2020, would house football teams, as well as concerts and other events.