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Oderint Dum Metuant....
Join Date: Jun 2007 Location: Minneapolis, MN Posts: 140
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USC, Coliseum close on longterm deal
USC is one step closer to ensuring the Los Angeles Memorial Coliseum will be its permanent football home. Lawyers for the school and the Coliseum Commission have completed a long-term lease agreement that will be presented today for final approval, officials from both sides said. The 25-year deal, which can be extended to 47 years, is the first long-term contract in a relationship that has lasted more than eight decades. "The fact that we could get such a complicated transaction done in 90 days shows the commitment on both sides to make this happen," said Kristina Raspe, USC's associate senior vice president for real estate and asset management. -- LA Times |
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