The owner of the St. Louis Rams has bought a large piece of land in Inglewood that potentially could be used for an NFL stadium, according to the LA Times. Billionaire Stan Kroenke bought a 60-acre parking lot located between the Forum and Hollywood Park, according to the LA Times.
Wal-Mart originally owned the land but sold it after failing to get public approval for a superstore. Madison Square Garden Co., which owns the Forum, had planned to buy the lot for an estimated $90 million in order to acquire more space for parking and possibly additional development. However, MSG was informed by Wal-Mart at the end of 2013 that the land had already been sold to an unnamed party. The individuals confirmed the buyer is Kroenke.
The Rams neither confirmed nor denied that Kroenke had purchased the land and declined to comment on the situation according to the LA Times.
Los Angeles has been without an NFL franchise since the Rams and Raiders left after the 1994 season. Although relocating a franchise would be fraught with challenges, and the L.A. market repeatedly has been used as leverage to get stadium deals done in other cities, this is the first time an NFL owner has bought a piece of land in the L.A. area capable of accommodating a stadium.