The University of Southern California gained control of the day-to-day operations of the Los Angeles Memorial Coliseum and the Sports Arena after the Coliseum commission voted on Monday to approve a lease agreement with the school.
This move has long been expected, particularly after recent scandals and indictments involving commission members. The commission voted 8-1 in favor of the deal. with Los Angeles City Councilman Bernard Parks voting against it.
USC was in position to take over these responsibilities after the Coliseum commission failed to deliver on several improvement elements from the previous agreement with the university. The Coliseum commission -- which is comprised of state, county and city appointees-- has operated the facilities since they opened in 1923. The new lease arrangement will continue until 2054 -- the initial lease is for a 20-year period and includes several renewal options.
The Coliseum commission will continue to oversee the two facilities under the current plan, but USC will control day-to-operations, be responsible for improvements and potentially lucrative naming rights.