-9--9-
to the 1984 Summer Olympics were abandoned. In 1985 and 1986,
the Raiders worked with architects and contractors on the design
and planning of the suites. The construction of the suites began
in early 1987 but was halted on or about February 18, 1987.
Construction was stopped due to a dispute between the Raiders and
the LAMCC over the obligations of the LAMCC to perform certain
improvements to the LA Coliseum.
The Raiders made no payments on the LAMCC loan. The Raiders
did not construct the suites at the LA Coliseum.
The LAMCC did not seek repayment of the $6.7 million until
after the Raiders signed a memorandum of agreement with the City
of Irwindale (Irwindale MOA), discussed infra. The LAMCC filed a
lawsuit against the Raiders on September 30, 1987, claiming that
the Raiders were in breach of their lease and demanding repayment
of the $6.7 million. In the Raiders’ answer to the LAMCC
complaint, the Raiders alleged:
That Raiders has not constructed the suites or the
press box improvements referred to in the lease
agreement because, by reason of considerations
reasonably deemed important and significant to Raiders,
including plaintiff’s [LAMCC’s] breach of its
commitment to modernize and reconfigure the stadium as
hereinafter alleged, Raiders was never under any
obligation to construct the suites or press box
improvements, and, Raiders has not obtained a building
permit or the surety bonds referred to in the lease
agreement * * * [Emphasis added.]
The lawsuit was settled on September 11, 1990, with the parties
entering into a mutual release.
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