Banc of California Stadium

Banc of California Stadium is a soccer-specific stadium under construction in the Exposition Park neighborhood of Los Angeles, California. It is the first open-air stadium built in the City of Los Angeles since 1962 and will be the home of the expansion Major League Soccer team Los Angeles FC. Being constructed on the site of the former Los Angeles Memorial Sports Arena, it is located next to the Los Angeles Memorial Coliseum and just south of the main campus of the University of Southern California. Los Angeles FC subleases the site from the University which has a master lease with the LA Memorial Coliseum Commission for operating and managing the Coliseum and Sports Arena properties .HistoryThe Los Angeles Times reported on May 17, 2015 that the team chose the Los Angeles Memorial Sports Arena site to build a 22,000-seat state of the art stadium for the MLS in Exposition Park, costing $250 million. The group estimated the project would create 1,200 temporary construction jobs and 1,800 full-time jobs, generating $2.5 million in annual tax revenue. The environmental impact report, arena demolition, and stadium construction were expected to take three years and delay the team's debut to 2018.On May 6, 2016, the Los Angeles City Council approved the stadium, clearing a way for the construction of the stadium.