If you're a fan of the Buffalo Bills, Jacksonville Jaguars, Minnesota Vikings, St. Louis Rams, San Diego Chargers, Oakland Raiders or San Francisco 49ers you'd better beware. Your team is in the cross hairs of Majestic Realty Company. Majestic just got the okay from Governor Arnold Schwarzenegger of California to build a new NFL football stadium in L.A. These teams are targets because they are all "in stadiums that need updating, have few pricey box seats and lack other revenue sources" according to Ed Roski, chief executive of Majestic. And Majestic isn't wasting any time. They plan to seek a team for L.A. as soon as February 2010.
Majestic Realty Company also helped develop the Staples Center, home of the NBA Lakers and Clippers and the NHL Kings. Stadium advocates say that a new NFL stadium in L.A. will bring 18,000 jobs and over $320 million in salaries for local workers. Read More
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