Something to keep an eye on:
The council split on the lease offer, but voted unanimously Monday to put the proposal measure on the November ballot. If approved, the city would offer the NFL a 25-year lease in exchange for a $500 million stadium renovation, $500,000 a year in rent and other considerations.
City Councilman Chris Holden, the initiative's chief sponsor, said the measure would pay for needed renovations to the facility, home of the UCLA football team and the annual Rose Bowl game.
Holden said the other alternative was to pass a local tax.
The measure has some powerful and vocal opponents, including Mayor Bill Bogaard, other council members and preservationists. Pasadena First, a preservation group, has already filed a lawsuit to invalidate the initiative.
The Los Angeles area has been without an NFL football team for more than a decade. Los Angeles, Anaheim, Pasadena and Carson have all told the NFL they want to be home to a team.
I couldn't care less if LA gets an NFL team. The city is doing fine with out it. And I am not really all that excited about UCLA having to share facilities (however renovated they are) with a pro-team which will probably end up moving somewhere in the Fly Over country (aka Middle America). Anyways it's still a news story worth keeping an eye on.