August 09, 2011 / CNN
The Los Angeles City Council unanimously approved a nonbinding agreement with a developer Tuesday on the general terms on building a privately financed $1.2 billion stadium to lure the return of an NFL team.
"Send us a team, NFL," Los Angeles Councilmember Paul Koretz said right before Tuesday's council vote.
Despite being the nation's second-largest city, Los Angeles has been without an NFL franchise since the 1994 season, when the Rams and Raiders left town, a city official said. Tuesday's vote marked the latest chapter in the city's saga of trying to regain a pro football team.
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The plan calls for an NFL team to be playing in a new stadium -- to be called Farmers Field -- in downtown Los Angeles by the 2016 season, officials said. The proposed 72,000-seat stadium would be expandable to 76,000 seats, a city official said
LINK:
http://articles.cnn.com/2011-08-09/us/california.la.stadium.nfl_1_new-nfl-stadium-los-angeles-city-council-perry?_s=PM:USFYI: There's a competing stadium proposal in nearby City of Industry.