L.A. Makes ‘Final Offer’ to Raiders

Detailing what they called their “final offer” to the Raiders, Los Angeles Coliseum private managers said Thursday it calls for the team to sign a 20-year lease in exchange for a $145-million stadium renovation, $10 million in advance cash payments and forgiveness of $10 million the team might owe the Coliseum Commission.

The offer is the latest development in a decade of wrangling over the terms under which the Raiders could play in various places. There have been numerous “final offers” not only from Los Angeles but also from Oakland, Sacramento and Irwindale.

According to this Los Angeles offer, Coliseum reconstruction would begin in early 1992 and, officials hope, be finished in time for the 1993 season. The Raiders and USC would have to play their 1992 season elsewhere, perhaps in Dodger Stadium, or, for USC, perhaps in Anaheim Stadium.

The $10 million the Raiders would get from Spectacor Management Group, the private managers, would be largely refundable, over a 10-year-period, only if failure to secure an acceptable environmental impact report, or an environmentally based lawsuit, blocked the project, said Tony Tavares, Spectacor president.