Name a stadium or buy L.A.’s priciest mansion: What winning Monday’s Powerball can get you.
This is an aerial view of the Rose Bowl, the most famous stadium in the world. It’s where John Glenn, Neil Armstrong and Frank Sinatra performed before World Series games in the spring of 1978.
The name dates to the 1930s, when a group of friends, including a man named William Rose, wanted to establish a stadium in Los Angeles where their friends could gather. The group of friends later founded the Rose Bowl Foundation, or RBF, according to the Times. From 1924 to 1953, a group of private donors built the stadium — and the foundation has been paying rent ever since.
When the L.A. Times wrote about the stadium last year, the RBF asked to be identified by only a name. “You can’t be both ‘Rose Bowl’ and the Rose Bowl Foundation,” said the organization’s president and chief executive officer, Scott Pritchard, on Monday. The Times wrote that Pritchard confirmed that “Racing Form officials said the foundation’s name was a misnomer. It is not a foundation. It is a stadium.”
In January and February, the RBF has been negotiating with the city of Los Angeles to pay the city $1.8 million a year in rent. It hopes to sell, or lease, the stadium to a new owner when the lease expires in 2027, said Pritchard.
The RBF has tried to attract new tenants. On Monday, the group offered to pay $500,000 to lease 20 percent of the stadium to an entity that rents suites to wealthy L.A. residents and businesses.
The stadium’s name has been an issue before. In the late 1930s, the L.A. Times said, “a group of private donors bought the land and gave it its name, the Rose Bowl, after the late RBF president, William R. Rose. The RBF was incorporated by William Rose’s son, a lawyer, and the R.B.F. was given the Rose Bowl name to reflect its connection with the estate.”
But the R.B.F. has also argued that the name is not legally necessary to the stadium. “The Stadium Company owns