Rams Owner Buys Land \/\/TOP\\\\
Kroenke, a billionaire, has been unsuccessful so far in hammering out a deal to stay in St. Louis, so it raised a lot of eyebrows when he made this move. There have been a lot of false starts on the L.A. front since the Rams and Raiders left after the 1994 season, but this is the first time a relocation-minded team owner has purchased a piece of L.A. land that could accommodate a stadium.
rams owner buys land
ST. LOUIS - A company tied to St. Louis Rams owner Stan Kroenke has 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.
Nearly three months after buying the vacant Promenade mall in Woodland Hills, stretching across 34 acres, Los Angeles Rams owner Stan Kroenke has doubled his Warner Center portfolio by purchasing the 13-story Anthem Blue Cross building and its vast landscaped lands adjacent to his mall property.
If St. Louis Rams owner Stan Kroenke wants to move his team to Los Angeles, he now has the land to do it. Kroenke has purchased a 60-acre plot in Inglewood, Calif., according to the St. Louis Post-Dispatch.
"This is an incredible opportunity and an even greater responsibility," Kroenke said in a statement. "We are honored to assume ownership of the Waggoner -- a true Texas and American landmark -- and are deeply committed to continuing the proud legacy of W.T. "Tom" Waggoner, his family and his descendants."
Rams owner Stan Kroenke purchased the defunct Promenade mall in Woodland Hills for $150 million, fueling speculation he could move his team there and build a year-round practice facility on the property.
Rams owner Stan Kroenke is accumulating land and property in Woodland Hills, which comes in concert with speculation about the team potentially building a new headquarters and training facility. After purchasing the vacant Woodland Hills Promenade for $150 million recently, Kroenke has now bought the 13-story Anthem Blue Cross building and its land near the Promenade, according to the Los Angeles Daily News.
Los Angeles Rams owner Stan Kroenke was in negotiations to buy the vacant Promenade mall in Woodland Hills, creating speculation about the team potentially building its headquarters and practice facility there.
Rams owner Stan Kroenke has acquired a high-rise office building in Woodland Hills near a former shopping center he bought a few months ago, strongly signaling that the billionaire businessman wants to build a second sports-centric development like that around SoFi Stadium.
Long Beach pursues a new approach to affordable housing: a community land trust "While community land trusts can take many forms, ranging from green space to commercial development, what Long Beach would likely adapt would be a tenants model, where Housing for All Long Beach Community Land Trust would tentatively purchase an existing apartment or mixed-use building, and lease out its units, while maintaining ownership of the land itself." (Long Beach Business Journal)
The owner of the St. Louis Rams has snatched up a 60-acre parking lot in Inglewood, National Football League Commissioner Roger Goodell confirmed Friday.Reports of the land acquisition from multiple media outlets have prompted questions over whether it would be feasible for billionaire Rams owner Stan Kroenke to transform the large plot of land -- between the Forum and Hollywood Park -- into an NFL stadium.Kroenke and the Rams have been embroiled in negotiations over an upgrade to the Ram's stadium in St. Louis. A contract with the Rams stipulates that an upgrade to the18-year-old Edward Jones Dome is required for St. Louis to retain the team after the 2014-15 season.
Updated 10:15 am: Holy crap, crazy new news in the long struggle to bring the NFL back to Los Angeles: 60 Walmart-owned acres between the newly-reopened Inglewood Forum and the recently-shuttered-for-massive-redevelopment Hollywood Park, formerly a racetrack parking lot, has just sold (it was asking $95 million), possibly or maybe probably to the owner of the St. Louis Rams. Update: A rep for the Rams owners now confirms that they have bought the site, and says "We have yet to decide what we are going to do with the property but we will look at all options." The Rams were a Los Angeles team before moving to St. Louis, where they are reportedly not so happy anymore. Walmart had hoped to put one of their big box stores on the land but Inglewood very firmly rejected that idea in 2004. For years the company was unable to find the right buyer for the parcel; there was loads of speculation that it would host a new NFL stadium, or that it would be sold to Madison Square Garden Company, which now owns the Forum. The LA Business Journal reports that no one is saying how much the site sold for or who it sold to, but there are some very intriguing dots to connect.
Kroenke is a major owner of working ranches, owning a total of 848,631 acres. The Land Report magazine ranked him as the United States' ninth-largest landowner in 2015.[11][12] Among notable purchases is his February 2016 acquisition of the famous Waggoner Ranch in Texas, the largest ranch within one fenceline.[13]
Kroenke, who is married to Walmart heiress Ann Walton Kroenke, dazzled fellow owners with his Disneyland-meets-the-NFL entertainment hub in Inglewood and his financial wherewithal to convince them to grant him his wish to move the Rams back to Los Angeles from St. Louis.
Many of the people and families on this list are ranchers or oil company owners and are not household names. Yet a handful, like Jeff Bezos and Ted Turner, are prominent billionaires who bought huge tracts of land either for a business venture or simply for their own private use. Click here to see who owns the most land in America.
Kroenke, a 63-year-old Missouri billionaire, first became involved with bringing pro football back to St. Louis in 1993 with a failed attempt to land an expansion franchise. When the Rams moved from Los Angeles two years later, he joined the Rosenbloom family as a minority owner, increasing his stake to 40 percent in 1997. 041b061a72