As USC moves closer to taking control of the Los Angeles Memorial Coliseum, its historic football home since 1923, both parties involved released copies of the term sheet for a modified lease in the interest of public transparency.
This is not a finished lease. Instead, it is a proposal of terms that will be voted on at a later date.
"It's not a done deal because we still have to negotiate a lease, but assuming this works out, USC would take over the obligation to make the improvements to the venue that will enable future generations to enjoy the facility," said Tom Sayles, USC's senior vice president for university relations.
Click here for the full story from the Los Angeles Times.
Under the proposed terms, USC would make significant improvements totaling more than $50 million to the stadium. Plus, the university promises to open the doors to community events at least eight days per year, which is more than double the previous annual number.
USC also plans to renovate the stadium seats, locker rooms and concourses.
This is not a finished lease. Instead, it is a proposal of terms that will be voted on at a later date.
"It's not a done deal because we still have to negotiate a lease, but assuming this works out, USC would take over the obligation to make the improvements to the venue that will enable future generations to enjoy the facility," said Tom Sayles, USC's senior vice president for university relations.
Click here for the full story from the Los Angeles Times.
Under the proposed terms, USC would make significant improvements totaling more than $50 million to the stadium. Plus, the university promises to open the doors to community events at least eight days per year, which is more than double the previous annual number.
USC also plans to renovate the stadium seats, locker rooms and concourses.
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