Rams owner buys land in Los Angeles
A company tied to St. Louis Rams owner Stan Kroenke purchased a prime piece of land in the Los Angeles area amid speculation the NFL franchise is considering a return to the city it left for the Midwest nearly two decades ago.
Team officials Friday provided a written statement confirming the recent purchase of a 60-acre site in Inglewood, Calif., adjacent to the shuttered Hollywood Park racetrack.
“As real estate developers, the Kroenke Organizations are involved in numerous real estate deals across the country and North America,” the statement said. “While we can confirm media reports that we recently purchased land in Inglewood, as a private company we don’t typically discuss our plans for commercial or residential investments. We have yet to decide what we are going to do with the property but we will look at all options, as we do with all of our properties.”
The property is 3 miles east of Los Angeles International Airport runways and sprawls between the newly renovated Forum concert venue, former home of the Los Angeles Lakers, and Hollywood Park, which closed Dec. 22 after 75 years of horse racing. The latter 260-acre site is slated for development of 3,000 housing units, commercial space and parks.
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