Billionaire Philip Anschutz's AEG Worldwide spent about $27 million preparing a 10,000-page environmental-impact report, a required step in the approval process, and designing the 60,000-seat stadium named Farmers Field.
April 03, 2012 at 12:00 AM
1 minute read
Billionaire Philip Anschutz is moving ahead with plans to build a $1 billion stadium in Los Angeles and lure two National Football League teams.
Anshutz’s AEG Worldwide will release a 10,000-page environmental-impact report next week, said Michael Roth, a spokesman for the closely held, Los Angeles-based company. AEG spent about $27 million preparing the report, a required step in the approval process, and designing the 60,000-seat stadium, named Farmers Field, Roth said.
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