UCLA, Rose Bowl Agree to Extend Lease 7 Years

From Staff and Wire Reports

After protracted negotiations that involved UCLA's hope to share a football stadium on the Westside with an NFL team, the university and Rose Bowl officials have agreed in principle on a seven-year extension of their lease, which ran out after the 1996 season.

The agreement was to go to the Rose Bowl Operating Co. for approval Thursday night and to the Pasadena City Council and University of California officials later in the month.

It includes the same provisions as the one it extends, the Rose Bowl getting 8% of ticket and TV revenue--which provides Pasadena about $668,000 annually--plus shares of luxury suite, advertising and concessions sales. The city nets about $1.2 million annually from the Bruin football program.

The delay in the negotiations stemmed from UCLA's desire for a lease with a buyout clause that would allow the Bruins to play in another stadium, if one is built on the Westside for the NFL. Chiefly, hopes were centered on a facility at Hollywood Park, which was planned by R.D. Hubbard.

There is no buyout in the new agreement.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World