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LOS ANGELES -
Gov. Arnold Schwarzenegger Thursday signed a bill to help speed up construction of an NFL stadium near Los Angeles.
The legislation exempts the proposed 75,000-seat stadium from state environmental laws and is intended to hasten the planning process. The $800-million project by developer Ed Roski Jr. is planned near the junction of the 57 and 60 freeways.
Schwarzenegger announced the signing of the environmental exemption bill Thursday in Industry, where the stadium would be built about 15 miles east of Los Angeles.
"This is the best kind of action state government can create: action that cuts red tape, generates jobs, is environmentally friendly and brings a continued economic boost to California," Schwarzenegger said. "This legislation allows us to move forward with the construction of the nation's greenest football stadium and create thousands of jobs."
Construction of the 3-million-square-foot stadium complex is estimated to create more than 18,000 jobs, according to a statement on the governor's Web site.
The complex will include an orthopedic hospital, a movie and live performance theater, and office and retail space. But even in the wake of the bill signing, the stadium faces obstacles. It remains unclear whether such a large project could get construction loans amid the current credit crunch.
Developer Majestic Realty Co. has said the San Diego Chargers, Oakland Raiders and San Francisco 49ers are on its list of seven teams it will approach about a move to the Los Angeles area.
The legislation exempts the proposed 75,000-seat stadium from state environmental laws and is intended to hasten the planning process. The $800-million project by developer Ed Roski Jr. is planned near the junction of the 57 and 60 freeways.
Schwarzenegger announced the signing of the environmental exemption bill Thursday in Industry, where the stadium would be built about 15 miles east of Los Angeles.
"This is the best kind of action state government can create: action that cuts red tape, generates jobs, is environmentally friendly and brings a continued economic boost to California," Schwarzenegger said. "This legislation allows us to move forward with the construction of the nation's greenest football stadium and create thousands of jobs."
Construction of the 3-million-square-foot stadium complex is estimated to create more than 18,000 jobs, according to a statement on the governor's Web site.
The complex will include an orthopedic hospital, a movie and live performance theater, and office and retail space. But even in the wake of the bill signing, the stadium faces obstacles. It remains unclear whether such a large project could get construction loans amid the current credit crunch.
Developer Majestic Realty Co. has said the San Diego Chargers, Oakland Raiders and San Francisco 49ers are on its list of seven teams it will approach about a move to the Los Angeles area.
