Butts has spoken in favor of the project, calling it a blessing for the city that’s raised the value of surrounding homes by as much as 300%. There’s also an argument that the development is displacing low-income residents and independent businesses, though Inglewood mayor James T. The suit alleged that the defendants cost Missouri’s most populous region millions of dollars in ticket and tax revenue by relocating the team. Louis, as well as its sports authority, for $790 million after a years-long court battle. Last November, Kroenke and the NFL settled a lawsuit filed by the city and county of St. Louis and build the stadium has not been without controversy. The billionaire real estate and sports mogul owns the Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, the Premier League’s Arsenal F.C., MLS’ Colorado Rapids, and several other teams across smaller leagues and esports.
Kroenke privately financed the stadium, which broke ground in 2016. “It hasn’t been in nearly 30 years, so we couldn’t be more excited.” It was built for events like the Super Bowl,” Jason Gannon, managing director at SoFi Stadium and Hollywood Park, tells us during the 30 Days Out press conference.
“Stan Kroenke’s vision was to build a facility like this, the largest facility in the NFL. Prior to the development, the area was the site of a thoroughbred racetrack for 75 years. It’s all part of a larger 300-acre development, surrounded by towering palm trees, called Hollywood Park, much of which is still under construction, but, when completed, will host about 2,500 residences, a retail district, a hotel, and public parks, among other attractions.
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