Sports

NFL Owners Voting To Increase Rams Stadium Budget To Almost $5 Billion Today

LOS ANGELES, CA - JANUARY 06:  Jared Goff #16 of the Los Angeles Rams during the NFC Wild Card Playoff Game against the Atlanta Falcons at the Los Angeles Coliseum on January 6, 2018 in Los Angeles, California.  (Photo by Josh Lefkowitz/Getty Images) LOS ANGELES, CA – JANUARY 06: Jared Goff #16 of the Los Angeles Rams during the NFC Wild Card Playoff Game against the Atlanta Falcons at the Los Angeles Coliseum on January 6, 2018 in Los Angeles, California. (Photo by Josh Lefkowitz/Getty Images) Photo of Jena Greene

4:26 PM 03/27/2018

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NFL owners will vote on a decision to increase the Los Angeles Rams stadium budget to nearly $5 billion today, according to a new report.

ESPNs Seth Wickersham broke the story. “Today NFL team owners will vote to increase the debt limit for the Rams new stadium, which according to internal league documents is now projected to cost an amazing $4.963 billion,” he tweeted on Tuesday afternoon. “Its the projected cost of part of the development around it, too.”

Today NFL team owners will vote to increase the debt limit for the Rams new stadium, which according to internal league documents is now projected to cost an amazing $4.963 billion.

— Seth Wickersham (@SethWickersham) March 27, 2018

Its the projected cost of part of the development around it, too.

— Seth Wickersham (@SethWickersham) March 27, 2018

The Rams new stadium is expected to open by the beginning of the 2020 season and will be shared by both the Rams and the LA Chargers. The stadium is expected to seat around 70,000 spectators and has been described as “international, global, iconic,” and “luxurious.”

Report: Rams stadium, development costs approaching $5 billion https://t.co/4RW1CIaKiBpic.twitter.com/HuXQihW4fZ

— Panseh Tsewole (@PansehTsewole1) March 27, 2018

With a budget of potentially $5 billion, it better be all of those things and more.

Follow Jena on Twitter.

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