Los Angeles Business Journal

State Says L.A. Coliseum Has Breached Lease

Wednesday, January 16, 2013

The financially troubled Los Angeles Memorial Coliseum Commission has breached its lease contract with the state by failing to pay $500,000 in rent due at the end of the year, the Los Angeles Times reports. The state declaration is the latest sign of fiscal distress for the Coliseum, a taxpayer-owned stadium at risk for running out of money by the end of March.