​NFL And New LA Stadium By AEG Is ‘Essentially Dead’ Concept​​

NFL executives have reviewed Anschutz Entertainment Group’s plan to build a new stadium called “Farmers Field” in downtown LA, but they don’t appear to be very optimistic, and its already sending mixed signals to fans who want a new football team.

In fact, to be more direct, the plan is “essentially dead,” according to sources familiar with the concept. The problem? The big cost for the stadium, which is about $1.8 billion.

It’s the price tag that the NFL says is unworkable.

In September, the Los Angeles City Council unanimously endorsed AEG’s plan. The stadium will be built on the side of the Convention Center’s West Hall, right next to the Staples Center and L.A. Live. The project is also expected to create thousands of much needed construction jobs.

There’s also the issue of who is going to buy AEG. Phil Anschutz, who owns AEG, recently announced he wants to sell the company, but it’s unclear how that could affect plans.

At a function Monday night, AEG President and CEO Tim Leiweke told the crowd they are moving forward with their plan.

Meanwhile, the NFL has reportedly started to focus on other locations around Los Angeles. A competing stadium is proposed for the city of Industry.

Los Angeles fans have been asking for a new NFL team ever since the Rams left for St. Louis in 1994.