Magic Johnson has the power to veto any development Frank McCourt might propose for the Dodger Stadium parking lots, according to a provision in an agreement between McCourt and the new owners of the Dodgers.
McCourt sold the Dodgers to Guggenheim Baseball Management but retained half-ownership of the parking lots. Guggenheim secured the right to approve any development and designated Johnson as the party who would grant approval.
The provision, in a document that is not public, confirms what Guggenheim executives have said, that they control development of the property. The Times reviewed the provision on Wednesday, without receiving access to the rest of the document.
The provision lists more than a dozen specific categories of property alterations that would require Johnson to consent on behalf of Guggenheim, including construction of new buildings and parking changes.