LOS ANGELES -- Los Angeles Raiders owner Al Davis is negotiating with Hollywood Park to build a privately financed 65,000-seat stadium with at least 150 luxury boxes for the 1997 football season, sources close to the negotiations said.
UCLA administrators have been involved in the discussions and would consider leaving the Rose Bowl to play football in the new stadium, officials said.
Tentative plans are to spend between $175 million and $200 million to build a football stadium at the 345-acre racetrack complex, which is in Inglewood.
Hollywood Park Inc. would be responsible for building the stadium and would own it. The city of Inglewood has hired an accounting firm to help arrange financing.
Harry Ornest, a member of the board of directors for the company that operates the racetrack, said he believes the Raiders will move.