from the Los Angeles Times
A school official confirms the university has entered into negotiations with the state to purchase the land on which the Coliseum and Sports Arena sits. The sale process is expected to take several months.
USC has entered into negotiations with the state to purchase the land on which the Coliseum and Sports Arena sit, a university official said Tuesday. (John W. Adkisson / Los Angeles Times / May 27, 2010)
USC is in negotiations with the state to buy the land on which the Los Angeles Memorial Coliseum and Sport Arena sit, essentially making the university the landlord of the Coliseum Commission, a school official confirmed Tuesday night.
"USC has a vested interest in preserving the Coliseum," said Kristina Raspe, the school's associate senior vice president of real estate and asset management. "This enables us to work more closely with the Coliseum Commission to ensure the success of the venue."Raspe said the school is also in negotiations to buy several parking lots in Exposition Park, although the museums and the surrounding lots are not part of the talks.
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