Rose Bowl gets final approval for $152-million makeover
The Pasadena City Council on Monday unanimously approved a renovation project and $152-million financing plan for the Rose Bowl, smoothing the way for work to begin in January.
As part of the agreement, UCLA and the Tournament of Roses -– the main tenants for the 88-year-old stadium -– will extend their leases until 2043.
The renovations are planned to take place in three phases over the next three years and be completed in time for the 100th Rose Bowl game and the 2014 Bowl Championship Series title game.
The renovations include widened tunnels and added aisles for smoother entering and exiting. A modern version of a 1940s-style scoreboard will replace the existing one on the south end, and a video board will be installed on the north side. Premium seating will be bumped from 600 to 2,500 following the expansion of the press box building.
The financing plan includes the sale of about $130 million of bonds. Officials plan to make up the difference mostly by contributions from the city, the Tournament of Roses and UCLA. A remaining funding gap of $7.5 million could be closed through lower-than-expected construction costs and higher revenue generated from bonds, City Manager Michael Beck said.
-- Shan Li
Photo: The Rose Bowl. Credit: Al Seib / Los Angeles Times