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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: No direct public cash support for the project. The SPONSOR of this project is a PRIVATE entity, not public. Kroenke Sports & Entertainment, Hollywood Park Land Company, LLC (the Owner) is seeking to obtain tax incentives from government entities.
From Private Capital Markets Directly to Producers as Debt: The initial development is focused on the Stadium - estimated to cost $2.6 Billion. Hollywood Park Land Company, LLC (a Joint Venture) is financing the project through an undisclosed combination of equity and debt, backed, in part by tenant commitments from two NFL football teams (the Los Angeles Rams and the Los Angeles Chargers). The two major tenants of the stadium - both NFL teams - are expected to combine all revenues from the project - allocating a portion to retire debt and pay ongoing expenses, and splitting the rest.
From Producers as Equity: Mix of debt and equity is not disclosed.