LOS ANGELES (AP) -- A complex land deal finalized Tuesday marks another step toward development of a shared stadium near Los Angeles for the San Diego Chargers and Oakland Raiders, officials said.
The transaction involving about 170 acres of land in Carson, a city of 93,000 people, could provide the footprint for the proposed $1.7 billion venue. The teams are planning a shared stadium if both fail to secure new stadiums in their current hometowns.
The deal closed a day after the teams hired former San Francisco 49ers President Carmen Policy to spearhead the next stages of their push to move to the nation's second-largest media market.