Proposed USC Lease with Coliseum Commission - UPDATE
To support a public and transparent process, the Los Angeles Memorial Coliseum Commission and the University of Southern California are jointly releasing a list of points of agreement that will serve as the basis for continuing negotiations on a modified lease between USC and the Coliseum Commission.
The Coliseum Commission had announced at its meeting on December 21, 2011 that it wished to begin preparation of a lease document based on the list of points of agreement, known as a term sheet. The drafting of the full lease document is now underway and is expected to continue for several weeks. Once drafted, the lease document will also be released for public comment. Opportunities for members of the public to provide input about the proposed agreement will also be announced.
The document containing the points of agreement runs 16 pages and is available on the Coliseum website: http://www.lacoliseumlive.com
The next commission meeting will take place on February 1st at 2:30 PM in the boardroom at the Coliseum. Come and let your voice be heard!