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USC, Coliseum deal one step closer

May 14, 2008 7:23:09 AM PDT
It looks like the deal between USC and the Coliseum is a step closer to being a reality.The Los Angeles Memorial Coliseum Commission voted to approve a lease agreement with USC on Tuesday.

It is a 25-year lease with options to later extend it to 47-years.

Under the terms, USC will pay rent equivalent to a percentage of gross ticket sales, game day expenses and revenue collected from live TV broadcasts.

The deal now awaits final approval from the school.

 

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