bluecoconuts
Legend
- Joined
- May 28, 2011
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No that's just the price tag for the stadium. The work is being done only for the stadium at the moment. They still have to get tenants and everything else in order to complete the vision for those in stl think of it as ballpark village you got to build the stadium first then everything else after so the price tag is strictly on the stadium and Stan is going to lease everything else and play landlord
This is correct, while they are somewhat working on prepping land for the rest of the park, they are mostly focused on the stadium (for obvious reasons), and the rest of the area will move faster as the stadium is being finished. Similar to how they did it with LA Live, and as Dxmissile said, Ballpark Village.
For reference, Staples cost 540 million (in 2016 dollars) while LA Live cost an additional 2.5 billion. LA Live is also about 129 acres while the Rams stadium and surrounding development park is 298 acres. When all said and done the area will probably cost about 5 billion for everything. Their goal is to make it the premier sports area on the West coast, with NFL hall of fame, NFL studios, I wouldn't be shocked if the Clippers move there to get out of the shadow of the Lakers at Staples if there's a facility for them.
Stockbridge Capital I believe is who is developing the rest of the area, so I'm not sure how much Stan will own of those properties, but I'm sure he'll be getting his beak wet from it too.