Sep 19, 2019

SoFi Stadium's $5 billion price tag makes it the NFL's most expensive venue

Courtesy: Los Angeles Stadium at Hollywood Park

SoFi Stadium at Hollywood Park, the future home of the Rams and Chargers, will cost roughly $5 billion to build, making it the priciest NFL venue by a mile, per the Wall Street Journal.

The big picture: Hollywood Park will also feature residences, hotels, retail spaces, public parks, a concert venue and office space. Add it all up and the complex could cost $10 billion, making it one of the largest privately financed projects in the country.

Private lender SoFi will reportedly pay more than $30 million annually over 20 years to put its name on the stadium — the most ever paid for stadium naming rights.

What's next: In addition to housing the Rams and Chargers, SoFi Stadium is already set to host the Super Bowl in 2022, the College Football Playoff championship in 2023 and the Olympics in 2028.

Go deeper: The skyrocketing cost of NFL stadium naming rights

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Rebecca Falconer

25 mins ago - Politics & Policy

Trump threatens to "assume control" of Minneapolis over unrest

Flames from a nearby fire illuminate protesters standing on a barricade in front of the Third Police Precinct in Minneapolis on Thursday. Photo: Kerem Yucel/AFP via Getty Images

President Trump threatened via Twitter early Friday to send the national guard to Minneapolis following three days of massive demonstrations and unrest in the city over George Floyd, a black man who died in police custody this week.

Details: "I can’t stand back & watch this happen to a great American City, Minneapolis. A total lack of leadership. Either the very weak Radical Left Mayor, Jacob Frey, get his act together and bring the City under control, or I will send in the National Guard & get the job done right," Trump tweeted after a police station was torched by some protesters.

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Ursula Perano

Updated 1 hour ago - Politics & Policy

In photos: Protests over George Floyd's death grip Minneapolis

Protesters cheer as the Third Police Precinct burns behind them on in Minneapolis on Thursday night. Photo: Stephen Maturen/Getty Images

Cheering protesters set a Minneapolis police station on fire Thursday night in the third night of unrest following the death of George Floyd, a black man who died in police custody in the city, per AP.

The state of play: Minnesota's governor on Thursday activated the state's national guard following violent outbreaks throughout the week, as the nation waits to see if the officers involved will be charged with murder.

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Axios

Updated 6 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand has a single novel coronavirus case after reporting a week of no new infections, the Ministry of Health confirmed on Friday local time.

By the numbers: Nearly 6 million people have tested positive for COVID-19 and over 2.3 million have recovered from the virus. Over 357,000 people have died globally. The U.S. has reported the most cases in the world with over 1.6 million.

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