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April 22, 2003 Print it
PASADENA, Calif. -- Plans to redesign the 81-year-old Rose Bowl in hopes of attracting an NFL team were unveiled Tuesday.
The project, yet to be approved by the City Council or the NFL, would cost an estimated $500 million.
"If I was an NFL fan, this was a pretty good day," said John Moag, a Baltimore investment banker hired by the Rose Bowl Operating Co. to lead the project. "The NFL is very interested in getting back into the market. We wouldn't be going through this exercise if they weren't."
The area has been without an NFL team since the end of the 1994 season, when the Raiders moved back to Oakland from Los Angeles and the Rams left Anaheim for St. Louis.
"We are developing an offer to give to the NFL," Moag said. "Hopefully, they accept that offer. That offer contains a commitment from the NFL that not only do they make the improvements to this building, but they provide an NFL team to play there."
The league is interested in the offer.
"We look forward to continuing our dialogue with the Rose Bowl group in the near future, to review in greater detail the plans that were unveiled today," NFL spokesman Greg Aiello said. "We also will discuss with them what changes or additions, if any, may be necessary to make a refurbished Rose Bowl suitable for an NFL team and future Super Bowls."
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PASADENA, Calif. -- Plans to redesign the 81-year-old Rose Bowl in hopes of attracting an NFL team were unveiled Tuesday.
The project, yet to be approved by the City Council or the NFL, would cost an estimated $500 million.
"If I was an NFL fan, this was a pretty good day," said John Moag, a Baltimore investment banker hired by the Rose Bowl Operating Co. to lead the project. "The NFL is very interested in getting back into the market. We wouldn't be going through this exercise if they weren't."
The area has been without an NFL team since the end of the 1994 season, when the Raiders moved back to Oakland from Los Angeles and the Rams left Anaheim for St. Louis.
"We are developing an offer to give to the NFL," Moag said. "Hopefully, they accept that offer. That offer contains a commitment from the NFL that not only do they make the improvements to this building, but they provide an NFL team to play there."
The league is interested in the offer.
"We look forward to continuing our dialogue with the Rose Bowl group in the near future, to review in greater detail the plans that were unveiled today," NFL spokesman Greg Aiello said. "We also will discuss with them what changes or additions, if any, may be necessary to make a refurbished Rose Bowl suitable for an NFL team and future Super Bowls."
more
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