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USC in talks to buy Coliseum property

Updated: December 8, 2010, 2:19 PM ET
By Ramona Shelburne | ESPNLosAngeles.com

USC is in talks with California state officials to buy the land where the Los Angeles Memorial Coliseum and the Los Angeles Sports Arena are situated, as well as adjacent parking lots in Exposition Park.

The deal would not, however, supercede the Coliseum Commission's lease of the Coliseum, which remains in effect until 2055.

"The basic elements of the sale have been agreed upon," said Kristina Raspe, the school's associate senior vice president of real estate and asset management. ...

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