Los Angeles Business Journal

Forecast: Coliseum Faces Millions in Losses

Thursday, July 19, 2012

The Los Angeles Memorial Coliseum is expected to lose millions of dollars this fiscal year, driving the taxpayer-owned stadium into a deeper financial hole as it continues to deal with a costly corruption scandal. In addition, the Los Angeles Times and a First Amendment group have sued the Coliseum Commission, accusing it of violating state laws by failing to release public records and deliberating a lease with USC in secret.