SoFi Stadium is a stadium and entertainment complex in Inglewood, California, the United States which was opened in. It is located at the former site of the Hollywood Park Racetrack, 3 miles (4.8 km) from the Los Angeles International Airport, and southeast of The Forum indoor arena.
Who paid for SoFi Stadium?
It was reported that the owner of the Rams, Stan Kroenke paid for most of the cost. He has an estimated net worth of $10.7 billion.
How was SoFi Stadium paid for?
The cost of the stadium project was originally projected at $2.66 billion upon the commencement of construction.
However, internal league documents by the NFL in March 2018 showed a need to raise the debt ceiling for the stadium and facility to a total of $4.963 billion, This made it the most expensive sports venue ever built. Team owners voted and approved this new debt ceiling at a meeting that same month. Another $500 million in loans was approved by the NFL and the owners In May 2020.