Arsenal owner Stan Kroenke has received a boost in a £1billion project after £335million worth of funding was given the green light.
Kroenke is looking to build a 1.6-mile elevated rail line connecting downtown Inglewood with the emerging sports and entertainment centre around SoFi Stadium as construction looks set to get underway next year. The goal is to have it up and running in time for the 2028 Summer Olympic and Paralympic Games.
The Arsenal owner, who is largely represented in the UK and at Arsenal by son Josh, built the £4.1billion SoFi Stadium complex and is now aiming to improve the residential and retail aspect surrounding the stadium. The California State Transportation Agency have backed the project to the tune of £335m to take the total funding up to £414m with around £620m still required, which they plan to get from the federal government.
