What is the story about?
What's Happening?
Stan Kroenke, owner of the Rams, is expanding his Hollywood Park development in Inglewood, California, with the construction of a luxury hotel and a movie studio. The $300-million Kali Hotel, located near SoFi Stadium, is set to be completed by September 2025, in time for Super Bowl 61. The hotel is part of Kroenke's larger plan for Hollywood Park, which will also include a movie studio serving as the international broadcast center for the 2028 Olympic Games. The development is significant as it represents one of the largest urban mixed-use projects in the western United States, covering nearly 300 acres.
Why It's Important?
The development of Hollywood Park is a major economic and cultural investment in the Inglewood area, promising to boost local tourism and business. The Kali Hotel aims to attract sports teams and fans, enhancing the area's appeal as a sports and entertainment hub. The inclusion of a movie studio and Olympic broadcast center further positions Inglewood as a key player in global media and sports events. This development could lead to increased job opportunities and economic growth in the region, benefiting local businesses and residents.
What's Next?
As the project progresses, stakeholders will be monitoring its impact on the local economy and community. The completion of the hotel and studio will likely attract more events and visitors to the area, potentially leading to further investments and developments. Local government and businesses may need to address infrastructure and service demands resulting from increased tourism and activity.
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