Hollywood Park Demands $400 Million From Inglewood Over 2015 SoFi Development Deal
Updated
Updated · The New York Times · May 27
Hollywood Park Demands $400 Million From Inglewood Over 2015 SoFi Development Deal
2 articles · Updated · The New York Times · May 27
$400 million is what Hollywood Park says Inglewood owes for property and surrounding-area improvements tied to the 300-acre SoFi Stadium development.
The demand rests on a 2015 development agreement, but Inglewood argues that pact is unenforceable because a later California state court ruling invalidated agreements adopted by voter initiative.
The dispute erupts as the city and developer prepare for the 2026 Men's World Cup, with SoFi Stadium set to host the first U.S. match in 32 years.
SoFi, opened in 2020 as a $5 billion privately financed project, has already helped draw a Metro line, the Intuit Dome and other investment, with the venue also slated for marquee events at the 2028 Olympics.
With the World Cup weeks away, could Inglewood's $400M feud with SoFi's owner disrupt the global event?
Can a city use a later court ruling to void a decade-old, voter-approved deal with its largest developer?