For those Charger fans that are living in the Inglewood area, they are suffering from rent sky-rocketing due to the NFL.
One of the main reasons that rents have skyrocketed is due the construction of a $2.6 billion stadium and entertainment complex where both the Rams and Chargers are set to play. This is from the LA Times:
Inglewood Mayor James T. Butts Jr. said rents had risen steadily since 2012, and continued to climb more rapidly when news of the stadium deal was announced three years later. Corporate investors have bought up apartment buildings and increased rents as high as 140%, or issued eviction notices in order to re-rent units at a higher price.
From Deadspin:
The story of residents being priced out of their neighborhoods or otherwise displaced because of the development some new stadium or office complex—which are often built with taxpayer subsidies—is not a new one. It’s happened in many cities around the country, including Los Angeles, where families were displaced by the construction of the Staples Center in the late ‘90s.
The city will have to get these issues sorted out as there are some major events coming up in the near future. The major one being the Olympics down the line.
