...For the city, the stakes extend beyond football. The Rose Bowl is owned by the city, and officials have said taxpayers funded more than $150 million in stadium renovations and refinanced approximately $130 million in bonds tied to capital improvements. The lawsuit alleges UCLA’s departure could cost the city and its residents more than $1 billion in damages...
The city argues the lease, signed in 2010 and amended in 2014, contains no early termination clause and requires the Bruins to play their home football games at the Rose Bowl through June 30, 2044. The agreement also prohibits UCLA from playing home games at another venue in Los Angeles or Orange counties...
Full story at https://pasadenanow.com/main/ucla-city-to-return-to-court-sept-2-in-rose-bowl-lease-dispute.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.