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Inglewood Planning Commission approves Hollywood Park's plan for a professional football stadium.

INGLEWOOD, Calif.--(BUSINESS WIRE)--Dec. 8, 1995--Hollywood Park Friday announced that the greater Los Angeles metropolitan area now is on its way to reclaiming a professional football team.

On Wednesday, Dec. 6, the Inglewood City Planning Commission approved the final Environmental Impact Report (EIR) for a football stadium to be built on Hollywood Park's property adjacent to the existing race track.

Groundbreaking ceremonies could take place as early as April 1996, and the stadium could be constructed and fully operational by opening day of the 1998 football season.

Since the recent departures of the Los Angeles Rams and the Los Angeles Raiders, Hollywood Park has pursued the opportunity of hosting an NFL team on its site in Inglewood.

``We're ready to build,'' explained R.D. Hubbard, chairman and chief executive officer of Hollywood Park Inc. ``All of the preliminary work has been completed and now we're ready to break ground. No other group in the greater Los Angeles market can make that statement.

``The Planning Commission's approval of the EIR demonstrates the serious level of our commitment to secure a professional football franchise to play in our proposed stadium,'' Hubbard continued. ``Throughout the process, many residents of Inglewood expressed support for adding a professional NFL stadium to the city's economic base; now, the city has taken a giant step towards doing so.''

Further demonstrating its commitment to bring football back to the greater Los Angeles area, Hollywood Park will implode the Park Plaza Hotel (formerly Airport Park Hotel) in Inglewood on Sunday, Dec. 10, at 8:30 a.m. The hotel is located on Prairie Avenue near 90th Street (south of the Great Western Forum), on the site of the proposed stadium.

Hollywood Park, with headquarters in Inglewood, is a gaming and entertainment holding company which owns and operates: the Hollywood Park Race Track, one of America's premier thoroughbred racing facilities; The Woodlands, a thoroughbred racing facility located in Kansas City, Kan.; Turf Paradise Inc., a premier thoroughbred racing facility in Phoenix; and the Hollywood Park Casino, one of California's finest card club casinos.

Hollywood Park owns other attractions located on 380 acres near Los Angeles International Airport.

CONTACT: Rich Baedeker, 310/330-7156
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Publication:Business Wire
Date:Dec 8, 1995
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