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Deal Not Close on New Stadium Hollywood Park: There are still big hang-ups for new facility, with Raider owner Al Davis in the middle of things, as usual
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Deal Not Close on New Stadium Hollywood Park: There are still big hang-ups for new facility, with Raider owner Al Davis in the middle of things, as usual
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Deal Not Close on New Stadium Hollywood Park: There are still big hang-ups for new facility, with Raider owner Al Davis in the middle of things, as usual
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Newspaper Article
Deal Not Close on New Stadium Hollywood Park: There are still big hang-ups for new facility, with Raider owner Al Davis in the middle of things, as usual
1994
Overview
[Al Davis] has reportedly proven difficult to deal with as his mood fluctuates based on his team winning or losing. About two months ago, Hollywood Park threatened to call off the deal, but the Raiders came back stronger, indicating that Hollywood Park was where they wanted to be. However, no action is expected in the next few weeks. There are serious questions, however, whether the Coliseum is a viable contender for future Raider play. Coliseum negotiators freely concede that they are at complete loggerheads with Davis, and, just as in past years-when the Raiders accepted tentative deals with Irwindale and Oakland-the Coliseum might succeed in retaining Davis only when other deals fall through. Such financial backing would lower the interest rate that Hollywood Park would have to pay and would cost the city nothing-unless Hollywood Park defaulted on the bonds.
Publisher
Los Angeles Times Communications LLC
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