March 7 (Bloomberg) -- Anschutz Entertainment Group Inc. sent a letter to Los Angeles officials seeking to start the approval process for Farmers Field, the company’s proposed National Football League stadium.
Anschutz Entertainment and city officials plan to hold the first environmental review meeting on March 30 at the Los Angeles Convention Center, the promoter and stadium operator owned by billionaire Philip Anschutz said in the letter.
The review process is the first step in securing approvals for a $1 billion, 65,000-seat stadium aimed at luring an NFL franchise to Los Angeles. Tim Leiweke, president and chief executive officer of closely held Anschutz, has promised to build a stadium in downtown Los Angeles and rebuild a portion of the convention center without city money. The company set a goal in the letter of having a full environmental report ready by year-end.
An environmental review process is used to determine the impact and mitigation measures required for certain developments. In the letter, Los Angeles-based Anschutz says it expects issues to involve parking, public transportation and use of renewable power and resources.
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