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AEG: Timeline of L.A. deals

March 14, 2013|By Scott J. Wilson
  • Among AEG's major developments has been the multibillion-dollar LA Live entertainment complex, which includes the Nokia Theatre, Nokia Plaza and Staples Center.
Among AEG's major developments has been the multibillion-dollar… (Al Seib / Los Angeles Times )

Philip Anschutz and the no-longer-for-sale AEG have been key players in sports and entertainment in Los Angeles. Here are some highlights:

-- Oct. 1995: Denver-based billionaire Philip Anschutz and Southern California developer Ed Roski Jr. buy the Los Angeles Kings of the National Hockey League.

-- May 1997: Anschutz and Roski announce a plan to revamp the L.A. Memorial Coliseum and bring a professional football team to the city by 2000.

-- March 1998: Work begins on Staples Center, Anschutz and Roski’s new downtown arena.

-- Oct. 1998: Anschutz buys Major League Soccer's Los Angeles Galaxy for $26 million.

-- Nov. 1998: Anschutz and Roski buy 25% of the Los Angeles Lakers.

-- Oct. 1999: The $403-million Staples Center opens.

-- 2000: Anschutz creates Anschutz Entertainment Group to oversee sports teams and venues the company owns and/or manages, including Staples Center, the Forum and the Kodak Theatre.

-- June 2001: AEG wins permission to build a $112-million sports complex on the campus of Cal State Dominguez Hills in Carson. The complex later becomes Home Depot Center, home of the Galaxy and Chivas USA soccer teams.

-- May 2002: Anschutz reveals plans for a new 64,000-seat football stadium near Staples Center that will require financial assists from the city and the National Football League. 

-- June 2002: AEG abruptly drops its plan to build the football stadium, citing political infighting and a competing proposal to bring a team to the Coliseum

-- Sept. 2005: AEG breaks ground for LA Live, a $1.7-billion hotel-and-entertainment complex next to Staples Center.

-- June 2007: Construction begins on an AEG-backed 54-story hotel and condominium development adjoining the Los Angeles  Convention Center.

-- Oct. 2009: AEG unveils a 14-screen Regal Cinemas multiplex adjacent to Staples Center. It seats 3,772 people, making it one of the largest movie theaters in Los Angeles.

-- Sept. 2010: Michael Jackson's mother, Katherine, sues AEG Live over the death of her son. The suit claims that AEG Live, the promoter of Jackson's comeback-tour concerts, should be held liable for the actions of Jackson's physician.

-- Jan. 2011: Los Angeles city leaders back an AEG plan for a downtown football stadium.

-- Feb. 2011: AEG announces a $700-million naming rights deal to call the new stadium Farmers Field.

-- Sept. 18, 2012: The Anschutz Co. announces that it is seeking a buyer for AEG.

-- March 14, 2013: The plan to sell AEG is withdrawn.

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