1 00:00:06,280 --> 00:00:09,560 Speaker 1: Welcome to another episode of Strictly Business, the podcast in 2 00:00:09,600 --> 00:00:11,760 Speaker 1: which we talk with some of the brightest minds working 3 00:00:11,840 --> 00:00:16,599 Speaker 1: in media. Today. I'm your host, Andrew Wallenstein. Construction is 4 00:00:16,640 --> 00:00:20,040 Speaker 1: currently underway in Los Angeles on Hollywood Park, a nearly 5 00:00:20,160 --> 00:00:22,439 Speaker 1: three hundred acre complex that will be the site of 6 00:00:22,440 --> 00:00:27,000 Speaker 1: the city's NFL teams, so Fi Stadium. But this isn't 7 00:00:27,080 --> 00:00:30,720 Speaker 1: just another development project, but my next guest oversees is 8 00:00:30,760 --> 00:00:34,239 Speaker 1: a ten billion dollar build poised at the cutting edge 9 00:00:34,280 --> 00:00:37,800 Speaker 1: of live entertainment. I spoke with Jason Gannon, managing director 10 00:00:37,840 --> 00:00:40,680 Speaker 1: of the Los Angeles Sports and Entertainment District, earlier this 11 00:00:40,720 --> 00:00:45,520 Speaker 1: month on stage at Variety's annual Innovate Summit. A number 12 00:00:45,560 --> 00:00:48,360 Speaker 1: of jaw dropping stats I want to share. Uh, let's 13 00:00:48,400 --> 00:00:51,200 Speaker 1: start with this is a correct me if I'm wrong. 14 00:00:51,400 --> 00:00:55,400 Speaker 1: Three hundred acre complex that is three and a half 15 00:00:55,560 --> 00:00:59,400 Speaker 1: times the size of Disneyland. So that does that not 16 00:00:59,480 --> 00:01:02,680 Speaker 1: tell you that everything right there? It's pretty incredible in 17 00:01:02,760 --> 00:01:05,240 Speaker 1: terms of size and scope. And I think is we'll 18 00:01:05,280 --> 00:01:06,880 Speaker 1: talk about here today. I think that's what makes it 19 00:01:06,920 --> 00:01:09,560 Speaker 1: so unique. Uh, certainly in a city of special like 20 00:01:09,880 --> 00:01:12,480 Speaker 1: as Los Angeles. And of course I think one of 21 00:01:12,520 --> 00:01:15,959 Speaker 1: the main reasons that we're gonna have this massive complex 22 00:01:16,040 --> 00:01:19,360 Speaker 1: is to be a home to our two Los Angeles 23 00:01:19,360 --> 00:01:21,840 Speaker 1: football teams, both the Chargers and the Rams. That's kind 24 00:01:21,840 --> 00:01:23,959 Speaker 1: of the centerpiece, right, That's right. Yeah, So that says 25 00:01:24,000 --> 00:01:26,240 Speaker 1: you think about a development that's our that's our main 26 00:01:26,280 --> 00:01:30,120 Speaker 1: anchor is uh Sofi Stadium. Uh. And we'll talk a 27 00:01:30,160 --> 00:01:32,560 Speaker 1: little bit more today about the entire development, but certainly 28 00:01:32,600 --> 00:01:37,560 Speaker 1: having two NFL teams playing there at least twenty events 29 00:01:37,560 --> 00:01:40,280 Speaker 1: a year between those two teams, and really the brand 30 00:01:40,280 --> 00:01:43,480 Speaker 1: of the NFL, which is so powerful, uh in today's 31 00:01:43,760 --> 00:01:47,600 Speaker 1: entertainment world. How far into this project are you guys here, 32 00:01:47,720 --> 00:01:51,480 Speaker 1: what about seven eight months away from unveiling this to 33 00:01:51,560 --> 00:01:55,120 Speaker 1: the city. Sure, yeah, so we have uh right about 34 00:01:55,120 --> 00:01:58,080 Speaker 1: seven months. Our first event is Taylor Swift two concerts 35 00:01:58,080 --> 00:02:03,600 Speaker 1: in July. Uh. You know, the project itself is about complete. 36 00:02:03,640 --> 00:02:07,120 Speaker 1: So if we think about whenever we broke ground back 37 00:02:07,160 --> 00:02:10,639 Speaker 1: in uh in late two thousand and sixteen, uh, and 38 00:02:10,680 --> 00:02:14,639 Speaker 1: really as we stare at the building today, uh, kind 39 00:02:14,639 --> 00:02:16,800 Speaker 1: of the renderings that we've been looking at so long, 40 00:02:17,560 --> 00:02:19,400 Speaker 1: uh and to see it to come to life here 41 00:02:19,960 --> 00:02:22,679 Speaker 1: in Los Angeles is incredibly exciting. And the building itself. 42 00:02:23,200 --> 00:02:25,799 Speaker 1: As beautiful as the renderings are, it looks just a 43 00:02:25,880 --> 00:02:30,440 Speaker 1: special in real life. So Stan Cronky is behind this, right, 44 00:02:30,919 --> 00:02:34,519 Speaker 1: what is his vision? Uh? And what do you bring 45 00:02:34,560 --> 00:02:36,880 Speaker 1: to the table in terms of executing them? Yeah? No, 46 00:02:37,200 --> 00:02:38,880 Speaker 1: you know that's the one thing, you know, Andy, that 47 00:02:38,919 --> 00:02:41,600 Speaker 1: we talk about from a project perspective, really is Stan 48 00:02:41,680 --> 00:02:44,920 Speaker 1: Cronky and his his vision for this project, which is 49 00:02:45,280 --> 00:02:49,120 Speaker 1: to build a here in Los Angeles. Was his a 50 00:02:49,120 --> 00:02:52,959 Speaker 1: global entertainment destination, but building and delivering uh, the very 51 00:02:53,000 --> 00:02:56,880 Speaker 1: best sports entertainment destination within the entertainment capital of the world, 52 00:02:56,919 --> 00:02:59,920 Speaker 1: Los Angeles. And uh, for those you know Stan Cronk, 53 00:03:00,040 --> 00:03:04,440 Speaker 1: he his his core competency really real estate development, but 54 00:03:04,520 --> 00:03:08,320 Speaker 1: also uh sports and entertainment with the various teams and 55 00:03:08,400 --> 00:03:10,880 Speaker 1: media companies that he owns. And so as you look 56 00:03:10,919 --> 00:03:15,320 Speaker 1: at this project, uh, the three acres, the you know, 57 00:03:15,440 --> 00:03:19,000 Speaker 1: the the live entertainment venues, the retail, the residential of 58 00:03:19,040 --> 00:03:22,679 Speaker 1: the office, the hotel. Really from a development perspective, this 59 00:03:22,800 --> 00:03:26,080 Speaker 1: is a confluence of of his core competencies, which is 60 00:03:26,400 --> 00:03:30,040 Speaker 1: the sports entertainment component, uh and then real estate development, 61 00:03:30,080 --> 00:03:33,160 Speaker 1: which as we think about how people go about experiencing 62 00:03:33,200 --> 00:03:36,600 Speaker 1: their lives today and going to events. Certainly, the experiences 63 00:03:36,600 --> 00:03:39,520 Speaker 1: that are sought out are so important whenever you create 64 00:03:39,560 --> 00:03:44,040 Speaker 1: a destination like Hollywood Park and Sofi Stadium, and and 65 00:03:44,040 --> 00:03:46,600 Speaker 1: that's all because of Stan Cronkie and his vision. Well, 66 00:03:47,480 --> 00:03:50,440 Speaker 1: is there a need for this here in l A? What? What? 67 00:03:50,440 --> 00:03:52,640 Speaker 1: What do we know about this market that says that 68 00:03:53,040 --> 00:03:58,440 Speaker 1: such a massive complex is something that's going to be used. Yeah, 69 00:03:58,440 --> 00:04:00,560 Speaker 1: I know that's a that's a great question. Uh. You 70 00:04:00,600 --> 00:04:03,960 Speaker 1: think about really the use of this building. People see 71 00:04:03,960 --> 00:04:06,480 Speaker 1: a seventy thousand square foot excuse me, a seventy thousand 72 00:04:06,560 --> 00:04:09,120 Speaker 1: seat stadium, uh, and they think to themselves, but we 73 00:04:09,160 --> 00:04:12,120 Speaker 1: already have a couple of those in the area. I 74 00:04:12,120 --> 00:04:14,320 Speaker 1: think there's there's so much about this building that is 75 00:04:14,360 --> 00:04:17,960 Speaker 1: truly unique. Um, you know other venues in the area 76 00:04:18,040 --> 00:04:21,280 Speaker 1: that are in terms of scale, uh from a capacity 77 00:04:21,320 --> 00:04:24,080 Speaker 1: standpoint or going on a hundred years old. So you 78 00:04:24,120 --> 00:04:27,760 Speaker 1: think about the evolution of live entertainment and sports and 79 00:04:27,800 --> 00:04:30,400 Speaker 1: how that has influenced how buildings are designed and people 80 00:04:30,400 --> 00:04:33,640 Speaker 1: go about experiencing. Uh, these buildings. I think you look 81 00:04:33,640 --> 00:04:37,960 Speaker 1: at this building and it truly fulfills a sports entertainment 82 00:04:37,960 --> 00:04:41,000 Speaker 1: whole in the marketplace. UH that's unlike any other venue. 83 00:04:41,240 --> 00:04:44,200 Speaker 1: And UH, you know, I think the dynamic nature of 84 00:04:44,240 --> 00:04:48,200 Speaker 1: the building itself in terms of of going from uh 85 00:04:48,440 --> 00:04:52,280 Speaker 1: seventy thousand uh seat uh NFL event all the way 86 00:04:52,320 --> 00:04:55,000 Speaker 1: up to a hundred thousand seats whenever you include temporary 87 00:04:55,000 --> 00:04:58,080 Speaker 1: seating and stanley, we're only uh certainly a very dynamic 88 00:04:58,720 --> 00:05:01,039 Speaker 1: type of a venue. But then you talk about some 89 00:05:01,080 --> 00:05:04,719 Speaker 1: of the other venues inside of that roof structure, you'll 90 00:05:04,800 --> 00:05:08,000 Speaker 1: you'll know some of you may know. The building itself 91 00:05:08,080 --> 00:05:11,159 Speaker 1: is about two and a half miles from from l 92 00:05:11,160 --> 00:05:15,400 Speaker 1: a X Airport, great proximity from a global perspective, the 93 00:05:15,440 --> 00:05:20,760 Speaker 1: development itself, but really the ability to attract uh incredible 94 00:05:20,760 --> 00:05:23,920 Speaker 1: types of events there and the venues themselves. If if 95 00:05:23,960 --> 00:05:28,560 Speaker 1: you look at the roof structure that is being erected 96 00:05:28,560 --> 00:05:30,800 Speaker 1: out there today, there are actually three separate venues that 97 00:05:30,839 --> 00:05:33,960 Speaker 1: we'll talk a little bit about today. Underneath that one roof, 98 00:05:34,000 --> 00:05:36,400 Speaker 1: there's the stadium I just referred to, UH, and then 99 00:05:36,400 --> 00:05:38,520 Speaker 1: getting into the dynamic nature of the building itself, we 100 00:05:38,560 --> 00:05:41,760 Speaker 1: also have a six thousand see performance venue, all of 101 00:05:41,760 --> 00:05:44,359 Speaker 1: its under that same roof itself, and then we have 102 00:05:44,400 --> 00:05:47,599 Speaker 1: a two and a half acre American Airlines plaza all 103 00:05:47,680 --> 00:05:50,919 Speaker 1: under that one roof. So your your question ultimately about 104 00:05:51,360 --> 00:05:54,360 Speaker 1: the venue itself. It's more than just a seventy thousand 105 00:05:54,400 --> 00:05:57,400 Speaker 1: square foot stadium. UH. It includes the other venues, the 106 00:05:57,480 --> 00:06:00,440 Speaker 1: six thousand performing arts venue, the performance venue, the two 107 00:06:00,400 --> 00:06:03,800 Speaker 1: an half acre plaza. UH here at Hollywood Park that 108 00:06:03,839 --> 00:06:06,240 Speaker 1: I think is incredibly dynamic and more than just twenty 109 00:06:06,320 --> 00:06:09,599 Speaker 1: NFL events. Well, but if NFL is sort of the 110 00:06:09,600 --> 00:06:12,080 Speaker 1: centerpiece here, I gotta ask. I feel like every day 111 00:06:12,120 --> 00:06:15,760 Speaker 1: there's headlines suggesting that whether it's the Chargers, the Ramps 112 00:06:15,920 --> 00:06:18,720 Speaker 1: may not necessarily be here for the long haul. There 113 00:06:18,760 --> 00:06:21,840 Speaker 1: seems to be some uncertainty about their future. What does 114 00:06:21,880 --> 00:06:24,479 Speaker 1: that mean for your complex? Well, you know, I I 115 00:06:24,600 --> 00:06:27,600 Speaker 1: look Andy, you know, we focus on from our perspective, 116 00:06:27,680 --> 00:06:31,600 Speaker 1: developing the project. Very fortunately have two NFL teams UH 117 00:06:31,640 --> 00:06:34,920 Speaker 1: in the marketplaces. Both teams go about building their fan 118 00:06:35,000 --> 00:06:37,919 Speaker 1: base in the marketplace. This the city Los Angeles hasn't 119 00:06:37,960 --> 00:06:40,120 Speaker 1: had an NFL team in over twenty years. Instead of 120 00:06:40,160 --> 00:06:43,240 Speaker 1: have two teams come back, UH is really exciting and 121 00:06:43,240 --> 00:06:45,720 Speaker 1: it certainly both teams are are working through building their 122 00:06:45,720 --> 00:06:47,200 Speaker 1: fan base. But you look at the NFL in general. 123 00:06:47,240 --> 00:06:50,800 Speaker 1: So we think about having twenty NFL event Uh. You know, 124 00:06:51,000 --> 00:06:53,039 Speaker 1: we go back and we look at uh, you know 125 00:06:53,080 --> 00:06:55,640 Speaker 1: today for the two thousand and nineteen season, Uh, the 126 00:06:55,720 --> 00:06:58,559 Speaker 1: NFL has had over a hundred seventy million viewers today 127 00:06:58,640 --> 00:07:01,440 Speaker 1: in terms of their viewers up during the season. Uh, 128 00:07:01,520 --> 00:07:06,200 Speaker 1: forty six of the top fifty programs uh since September 129 00:07:06,520 --> 00:07:09,720 Speaker 1: on television have been NFL games. And so you think 130 00:07:09,760 --> 00:07:12,720 Speaker 1: about just in terms of relevancy in the marketplace, the 131 00:07:12,800 --> 00:07:16,560 Speaker 1: NFL brand and having that on our development twenty at 132 00:07:16,640 --> 00:07:19,440 Speaker 1: least twenty days a year is incredibly impactful for us 133 00:07:19,480 --> 00:07:21,520 Speaker 1: and and something that we started the program around think 134 00:07:21,520 --> 00:07:24,760 Speaker 1: about every day. And you've got let's see the two 135 00:07:24,920 --> 00:07:30,160 Speaker 1: super Bowl, eight, Olympics. You mentioned Taylor Swift will be 136 00:07:30,280 --> 00:07:35,640 Speaker 1: kicking things off in July. Uh. That's a lot. And 137 00:07:36,040 --> 00:07:39,280 Speaker 1: what I'm actually wondering is what kind of impact is 138 00:07:39,320 --> 00:07:43,680 Speaker 1: this kind of territory, this massive three acres going to 139 00:07:43,760 --> 00:07:48,040 Speaker 1: have in terms of things like traffic, neighborhoods that might 140 00:07:48,080 --> 00:07:50,720 Speaker 1: be impacted. Uh. You know, are you guys able to 141 00:07:50,720 --> 00:07:54,280 Speaker 1: sort of fit in without controversy? Yeah, it's and it's 142 00:07:54,320 --> 00:07:57,360 Speaker 1: the number one question. We have a great sales team 143 00:07:57,680 --> 00:08:00,480 Speaker 1: that's out talking about the project every day. And the 144 00:08:00,520 --> 00:08:03,600 Speaker 1: number one question we get from from you know, it's 145 00:08:03,800 --> 00:08:06,400 Speaker 1: almost the number one question every time is tell me 146 00:08:06,400 --> 00:08:08,120 Speaker 1: about what my experience is going to be like getting 147 00:08:08,160 --> 00:08:11,880 Speaker 1: to the venue, parking and gressy grass. Once I get 148 00:08:11,880 --> 00:08:13,920 Speaker 1: there in park how do I get into the venue? 149 00:08:14,320 --> 00:08:16,040 Speaker 1: You know, It's something that we that we think about 150 00:08:16,040 --> 00:08:20,320 Speaker 1: every day. UH. And it's really important for us UH 151 00:08:20,360 --> 00:08:22,960 Speaker 1: as we think about not only that the customers and 152 00:08:23,240 --> 00:08:25,200 Speaker 1: the fans that are coming to the site, but also 153 00:08:25,360 --> 00:08:28,640 Speaker 1: how we are impacting those that live there in the community. UH. 154 00:08:28,680 --> 00:08:31,080 Speaker 1: And so while we focus on getting people in and out, 155 00:08:31,080 --> 00:08:33,360 Speaker 1: obviously minimizing the impact of the community is very important 156 00:08:33,360 --> 00:08:36,240 Speaker 1: to us. So making sure that I think communication is 157 00:08:36,280 --> 00:08:38,000 Speaker 1: so big for us as we as we're out in 158 00:08:38,000 --> 00:08:40,280 Speaker 1: the community talking to the local residents in terms of 159 00:08:40,440 --> 00:08:42,520 Speaker 1: what it's gonna look like whenever the Taylor Swift comes 160 00:08:42,520 --> 00:08:46,920 Speaker 1: in July of this year, and how those community, the 161 00:08:46,920 --> 00:08:50,440 Speaker 1: communities will be within Englewood will be impacted, UH is 162 00:08:50,440 --> 00:08:52,680 Speaker 1: really important to us. And then we also focus certainly 163 00:08:52,720 --> 00:08:56,800 Speaker 1: on job creation, which the positive economic impacts. UH. You 164 00:08:56,840 --> 00:08:58,880 Speaker 1: look at the project to day UH and we talked 165 00:08:58,880 --> 00:09:00,720 Speaker 1: a little bit about where we are in terms of 166 00:09:00,720 --> 00:09:03,520 Speaker 1: eighty five percent complete. Uh. You know, we've we have 167 00:09:03,600 --> 00:09:06,840 Speaker 1: over thirty workers on site every day today. We've had 168 00:09:06,880 --> 00:09:09,400 Speaker 1: over twelve thousand workers step foot on the project since 169 00:09:09,480 --> 00:09:13,160 Speaker 1: late uh late two thousand sixteen. It's like you're a 170 00:09:13,200 --> 00:09:15,600 Speaker 1: city within a city. It is a city within a city, 171 00:09:15,600 --> 00:09:18,280 Speaker 1: that's right. And you know, fortunately we've had over twenty 172 00:09:18,280 --> 00:09:20,480 Speaker 1: five million dollars worth of our payroll to date have 173 00:09:20,600 --> 00:09:23,199 Speaker 1: gone to local England residents. Over sixty million dollars worth 174 00:09:23,240 --> 00:09:26,440 Speaker 1: of contracts have gone to England businesses. So certainly during 175 00:09:26,440 --> 00:09:29,160 Speaker 1: the construction period, and there's so much more in terms 176 00:09:29,160 --> 00:09:30,960 Speaker 1: of just the stadium. We're building a lot of other 177 00:09:31,000 --> 00:09:33,559 Speaker 1: components that will have a similar type of impact in 178 00:09:33,600 --> 00:09:36,000 Speaker 1: the community. But once the building turns on level over 179 00:09:36,040 --> 00:09:39,680 Speaker 1: six thousand employees working events and so focusing on not 180 00:09:39,760 --> 00:09:43,400 Speaker 1: only minimizing the impact of traffic, uh and also being 181 00:09:43,600 --> 00:09:45,800 Speaker 1: an amenity and a place for people in the community 182 00:09:45,840 --> 00:09:49,319 Speaker 1: to go, but also you know, hiring the local employees 183 00:09:49,400 --> 00:09:52,240 Speaker 1: is really important for us. Another interesting thing I learned 184 00:09:52,280 --> 00:09:56,640 Speaker 1: about the stadium is because of your proximity to the airport, 185 00:09:56,920 --> 00:10:01,439 Speaker 1: you've actually built the stadium to be is one feet underground. 186 00:10:02,200 --> 00:10:04,920 Speaker 1: That's right. Yeah, So that's right. So uh for those 187 00:10:04,920 --> 00:10:07,000 Speaker 1: of you that know, uh about two and a half 188 00:10:07,440 --> 00:10:10,040 Speaker 1: two and a half miles just to the east of 189 00:10:10,240 --> 00:10:12,520 Speaker 1: L a X Airport, which is great for us in 190 00:10:12,640 --> 00:10:16,160 Speaker 1: terms of talking about uh this site specifically from a 191 00:10:16,200 --> 00:10:19,679 Speaker 1: global level. Right, people who who fly into Los Angeles, 192 00:10:20,280 --> 00:10:23,520 Speaker 1: regardless of where they go, whether it's downtown or Century City, UH, 193 00:10:23,559 --> 00:10:25,559 Speaker 1: this is something that's on their radar whenever they're on 194 00:10:25,600 --> 00:10:28,160 Speaker 1: approach and a lot of people talk, a lot of 195 00:10:28,160 --> 00:10:31,560 Speaker 1: people ask questions, and its pictures. So certainly having that 196 00:10:31,640 --> 00:10:35,560 Speaker 1: proximity the airport is great visibility. But also certainly there 197 00:10:35,559 --> 00:10:38,680 Speaker 1: are site specific conditions like being underneath the flight path 198 00:10:38,760 --> 00:10:41,040 Speaker 1: that we're important for us to keep in mind. And 199 00:10:41,080 --> 00:10:42,760 Speaker 1: so one of the things we did we dug down 200 00:10:42,760 --> 00:10:46,119 Speaker 1: a hundred feet into the ground, uh, and our excavation 201 00:10:46,280 --> 00:10:50,360 Speaker 1: which actually created some really tremendous opportunities within the building 202 00:10:50,400 --> 00:10:54,760 Speaker 1: itself to create really special spaces. Uh. And and one 203 00:10:54,800 --> 00:10:57,480 Speaker 1: of the unique things about this building is on the north, south, east, 204 00:10:57,520 --> 00:10:59,439 Speaker 1: and west of the building because we dug down a 205 00:10:59,480 --> 00:11:01,360 Speaker 1: hundred feet in the ground. And you think about things 206 00:11:01,360 --> 00:11:05,599 Speaker 1: in Los Angeles like being indoor outdoor embedded objects influences 207 00:11:05,920 --> 00:11:07,800 Speaker 1: here in Los Angeles. One of the things that we 208 00:11:07,880 --> 00:11:10,320 Speaker 1: thought originally was a bit of a challenge from an 209 00:11:10,400 --> 00:11:15,480 Speaker 1: excavation perspective really turned into something that we embraced from 210 00:11:16,120 --> 00:11:20,160 Speaker 1: a fan experienced perspective, and building large canyons that actually 211 00:11:20,240 --> 00:11:23,720 Speaker 1: were on each side of of the building itself, allowing 212 00:11:23,760 --> 00:11:26,800 Speaker 1: people to come in and into the venue itself, and 213 00:11:26,840 --> 00:11:29,839 Speaker 1: these large canyons that were that we were able to 214 00:11:29,880 --> 00:11:31,400 Speaker 1: do that because we had to excubate down a hundred 215 00:11:31,400 --> 00:11:33,800 Speaker 1: feet in the ground and so well, we thought originally 216 00:11:33,920 --> 00:11:36,280 Speaker 1: was a bit of a challenge actually turned out to 217 00:11:36,280 --> 00:11:39,319 Speaker 1: be a really great asset for us from a fan 218 00:11:39,360 --> 00:11:44,200 Speaker 1: experienced perspective. And I've read that this stadium cost about 219 00:11:44,600 --> 00:11:47,240 Speaker 1: five billion dollars, which is about twice as much as 220 00:11:47,280 --> 00:11:50,840 Speaker 1: any other stadium, and that the entire complex beyond the 221 00:11:50,840 --> 00:11:55,760 Speaker 1: stadium is double that five billion. These numbers, uh you 222 00:11:55,800 --> 00:11:58,280 Speaker 1: know ballparks, shall we say? So? Those are those are 223 00:11:58,280 --> 00:12:00,840 Speaker 1: the public reported numbers. We certainly don't get into, uh 224 00:12:01,320 --> 00:12:03,360 Speaker 1: don't get into those details. I would point out, I 225 00:12:03,400 --> 00:12:05,760 Speaker 1: think it's important whenever we start talking to cost Um, 226 00:12:05,840 --> 00:12:07,640 Speaker 1: you know, you talk about the economic impact that we 227 00:12:07,640 --> 00:12:10,120 Speaker 1: mentioned earlier. Um, but I think you know, certainly from 228 00:12:10,120 --> 00:12:13,000 Speaker 1: a privately financed perspective, I think that's also really important 229 00:12:13,000 --> 00:12:15,880 Speaker 1: as you start talking about cost understanding the stand Cronky 230 00:12:16,080 --> 00:12:19,480 Speaker 1: is developing this and financing this and taking on that 231 00:12:19,600 --> 00:12:22,080 Speaker 1: risk right that you think of from a development perspective, 232 00:12:22,400 --> 00:12:24,360 Speaker 1: and that vision that he originally had. You know, you 233 00:12:24,400 --> 00:12:27,440 Speaker 1: think that we all sit here today percent complete thinking 234 00:12:27,480 --> 00:12:30,199 Speaker 1: about the Taylor Swift concert, but you know what it 235 00:12:30,240 --> 00:12:32,120 Speaker 1: was like in two thousand fifteen and two thousand and 236 00:12:32,160 --> 00:12:35,120 Speaker 1: sixteen thinking about the thought of of going about and 237 00:12:35,120 --> 00:12:38,480 Speaker 1: and privately funding this this development. Uh and certainly you know, 238 00:12:38,559 --> 00:12:41,400 Speaker 1: having a stand Cronking his vision and competency as a 239 00:12:41,440 --> 00:12:45,200 Speaker 1: developer was so important in order to accomplish the task. 240 00:12:45,960 --> 00:12:48,400 Speaker 1: So scale is obviously a big part of the story here, 241 00:12:48,400 --> 00:12:53,840 Speaker 1: but also just the beginning because I think technology has 242 00:12:53,880 --> 00:12:58,880 Speaker 1: been a big differentiator in terms of your approach. I mean, 243 00:12:58,960 --> 00:13:02,080 Speaker 1: did you guys let's start with WiFi, for instance, which 244 00:13:02,080 --> 00:13:04,880 Speaker 1: is a big frustration for me just about any you know, 245 00:13:05,120 --> 00:13:07,640 Speaker 1: stadium or park I go to, How are you going 246 00:13:07,679 --> 00:13:11,439 Speaker 1: to ensure that seventy people are gonna be checking their phones? 247 00:13:11,480 --> 00:13:14,720 Speaker 1: At once and and it's gonna just you know, swim 248 00:13:15,520 --> 00:13:19,199 Speaker 1: through the broadband pipes. Yeah. Now that's um that gets 249 00:13:19,280 --> 00:13:21,400 Speaker 1: right to the heart of fan experience in today's world, 250 00:13:21,520 --> 00:13:24,800 Speaker 1: right you those hundred seventy million viewers that are interested 251 00:13:24,800 --> 00:13:27,320 Speaker 1: in the NFL, you want them to uh to you know, 252 00:13:27,360 --> 00:13:31,000 Speaker 1: to bring uh that viewership actually into the stadium, right 253 00:13:31,160 --> 00:13:34,920 Speaker 1: and and experience the NFL not only in person, but 254 00:13:35,040 --> 00:13:37,480 Speaker 1: on their mobile device while they're there in the building, 255 00:13:37,480 --> 00:13:39,800 Speaker 1: which is so important as you think about how the 256 00:13:39,840 --> 00:13:43,400 Speaker 1: evolution of the experience from a fan perspective has been 257 00:13:43,400 --> 00:13:46,800 Speaker 1: throughout the years. And so whenever we look at capacity, uh, 258 00:13:46,880 --> 00:13:50,160 Speaker 1: you know, we designed the building and actually are in 259 00:13:50,200 --> 00:13:53,880 Speaker 1: the process of of actually installing a WiFi, WiFi and 260 00:13:54,360 --> 00:13:57,160 Speaker 1: a digital antenna system, a DAS system that's over three 261 00:13:57,160 --> 00:14:00,520 Speaker 1: times the amount from a capacity perspective as any other 262 00:14:00,559 --> 00:14:04,480 Speaker 1: stadium right now in the industry. So that was really 263 00:14:04,520 --> 00:14:07,160 Speaker 1: important for us as we thought about making sure that 264 00:14:07,200 --> 00:14:09,760 Speaker 1: we're that we're going above and beyond in terms of 265 00:14:10,000 --> 00:14:13,560 Speaker 1: capacity and the WiFi and as perspective, because it it's 266 00:14:13,559 --> 00:14:16,680 Speaker 1: a directly impacts fan experience and how are you guys 267 00:14:16,679 --> 00:14:20,720 Speaker 1: approaching video displays. It feels like in the newer stadiums, 268 00:14:20,720 --> 00:14:24,520 Speaker 1: I've seen some really big bolt bets. I've seen you 269 00:14:24,520 --> 00:14:26,920 Speaker 1: guys are doing something similar. Yeah, you know, Andy, we 270 00:14:27,040 --> 00:14:29,960 Speaker 1: have in the bowl itself. So you think about our 271 00:14:30,000 --> 00:14:34,320 Speaker 1: building is from a signage perspective, is an all digital building, 272 00:14:34,480 --> 00:14:38,640 Speaker 1: so uh, it can go from a a RAMS game 273 00:14:38,760 --> 00:14:41,600 Speaker 1: to a Charger game to a Taylor Swift concert, all 274 00:14:41,640 --> 00:14:43,640 Speaker 1: on the flip of a switch. So you think about 275 00:14:43,680 --> 00:14:46,840 Speaker 1: other venues here in the marketplace, we have multiple teams 276 00:14:46,880 --> 00:14:50,000 Speaker 1: where they're turning pictures around and they're taking stock out 277 00:14:50,040 --> 00:14:53,840 Speaker 1: of their retail, and our building we actually have, uh 278 00:14:53,960 --> 00:14:57,400 Speaker 1: the ability to to quickly transfer from one game to 279 00:14:57,400 --> 00:14:59,760 Speaker 1: the next, but also allows you to dynamically program those 280 00:14:59,800 --> 00:15:04,120 Speaker 1: who to video boards for really fan tailored experiences as 281 00:15:04,160 --> 00:15:06,720 Speaker 1: they navigate throughout the building. That was really important for 282 00:15:06,840 --> 00:15:09,120 Speaker 1: us in terms of the building itself. Then you look 283 00:15:09,160 --> 00:15:11,240 Speaker 1: at the bowl, I mean we have over ninety tho 284 00:15:11,480 --> 00:15:14,840 Speaker 1: square feet of l e ED four K screen led 285 00:15:15,200 --> 00:15:18,320 Speaker 1: digital displays inside the bowl, and the centerpiece of that 286 00:15:18,480 --> 00:15:22,760 Speaker 1: is a seventy thousand square foot dual sided video board. Uh. 287 00:15:22,840 --> 00:15:25,880 Speaker 1: It's about forty ft high on the sides, and it's 288 00:15:25,920 --> 00:15:30,440 Speaker 1: a it's a circular oculus UH that actually is dual sided, 289 00:15:30,480 --> 00:15:33,040 Speaker 1: so you can see the video on the outside of 290 00:15:33,040 --> 00:15:36,600 Speaker 1: the board and it hangs down inside of the seating 291 00:15:36,600 --> 00:15:39,040 Speaker 1: bowl itself UH, and you can see the inside of 292 00:15:39,040 --> 00:15:40,440 Speaker 1: the boarder you can see the outside of the board 293 00:15:40,440 --> 00:15:42,800 Speaker 1: depending on where you are in the bowl. One of 294 00:15:42,800 --> 00:15:44,440 Speaker 1: the things that was important to us as you think 295 00:15:44,440 --> 00:15:48,160 Speaker 1: about center hung video boards in the industry, most people 296 00:15:48,160 --> 00:15:50,240 Speaker 1: that sit down low don't necessarily like to engage the 297 00:15:50,320 --> 00:15:53,200 Speaker 1: center hung video board, and so what we designed here 298 00:15:53,680 --> 00:15:55,880 Speaker 1: UH is a seventy thousand square foot board that actually 299 00:15:55,920 --> 00:15:58,200 Speaker 1: would engage a hundred percent of the seating bowl. The 300 00:15:58,240 --> 00:16:00,840 Speaker 1: seating bowl so whenever you're sitting download you can actually 301 00:16:01,280 --> 00:16:04,040 Speaker 1: gauge the inside of the farboard, which from a fan 302 00:16:04,080 --> 00:16:08,080 Speaker 1: experienced perspective, you're actually being able to engage with the 303 00:16:08,120 --> 00:16:10,960 Speaker 1: seating bowl, which was which was incredibly important for us 304 00:16:10,960 --> 00:16:14,200 Speaker 1: from a scale and context perspective. There's a seventy tho 305 00:16:14,440 --> 00:16:17,760 Speaker 1: score foot video board. There's an additional twenty square feet 306 00:16:18,000 --> 00:16:22,200 Speaker 1: of LED display located throughout the bowl. So really thinking 307 00:16:22,240 --> 00:16:25,520 Speaker 1: about not only having those digital signs in the concourses 308 00:16:25,560 --> 00:16:27,680 Speaker 1: and going from the one concert to a rams game 309 00:16:27,720 --> 00:16:30,560 Speaker 1: to a Charger game, but also creating really a digitally 310 00:16:30,560 --> 00:16:33,560 Speaker 1: immersive experience once you get inside the bowl. For us, 311 00:16:34,080 --> 00:16:36,840 Speaker 1: the video board itself is uh, you know, is over 312 00:16:36,920 --> 00:16:39,920 Speaker 1: two times the amount of LED display is is kind 313 00:16:39,960 --> 00:16:44,120 Speaker 1: of the next most current largest board in the NFL. 314 00:16:44,280 --> 00:16:47,400 Speaker 1: So uh, certainly in terms of thinking about fan experience, 315 00:16:47,440 --> 00:16:50,080 Speaker 1: that dynamic mature, all the things that you all think 316 00:16:50,080 --> 00:16:53,400 Speaker 1: about in terms of entertainment and seeking out that experience. Uh, 317 00:16:53,560 --> 00:16:56,840 Speaker 1: we've thought about and we've programmed here at SOFI Stadium. 318 00:16:57,040 --> 00:17:01,680 Speaker 1: Sounds ambitious. Um that said, you know, certainly they're going 319 00:17:01,720 --> 00:17:04,679 Speaker 1: to be looking at the screens in their pockets a 320 00:17:04,760 --> 00:17:08,360 Speaker 1: lot as well. Are you guys thinking about mobile apps 321 00:17:08,400 --> 00:17:11,240 Speaker 1: in terms of how they can be a part of 322 00:17:11,240 --> 00:17:15,280 Speaker 1: the Sofi Hollywood Park experience? Yeah, you know we uh 323 00:17:15,320 --> 00:17:20,720 Speaker 1: we think about certainly creating a digital customer experience. Right, So, 324 00:17:21,040 --> 00:17:25,320 Speaker 1: how do people go about navigating the park through their 325 00:17:25,320 --> 00:17:28,159 Speaker 1: mobile device? Uh? So we think about certainly people are 326 00:17:28,160 --> 00:17:30,880 Speaker 1: spending more and more time on their mobile devices really 327 00:17:30,880 --> 00:17:34,320 Speaker 1: being that the primary the primary point for for for 328 00:17:34,400 --> 00:17:37,280 Speaker 1: fans uh to really navigate the site. So by that 329 00:17:37,359 --> 00:17:39,439 Speaker 1: it's how are they getting their ticket? How are they 330 00:17:39,480 --> 00:17:42,440 Speaker 1: going about actually not only getting to the site itself, 331 00:17:42,480 --> 00:17:45,240 Speaker 1: but how the mobile device the Hollywood Park, the Sofi 332 00:17:45,280 --> 00:17:48,720 Speaker 1: Stadium mobile device which will have fully built out and 333 00:17:48,720 --> 00:17:52,240 Speaker 1: and really guiding people through their digital customer journey through 334 00:17:52,240 --> 00:17:54,440 Speaker 1: their mobile device. It will actually lead people not only 335 00:17:54,440 --> 00:17:57,639 Speaker 1: to their specific parking spot or parking lot once they 336 00:17:57,680 --> 00:18:00,200 Speaker 1: get to Hollywood Park, but also into the building how 337 00:18:00,200 --> 00:18:03,200 Speaker 1: they navigate the building. Uh, this building itself is over 338 00:18:03,280 --> 00:18:06,639 Speaker 1: three million square feet. That's that's the largest building in 339 00:18:06,680 --> 00:18:09,919 Speaker 1: the NFL. So it's certainly as dynamic it is, and 340 00:18:09,960 --> 00:18:12,480 Speaker 1: the digital displays in the building, it's really important that 341 00:18:12,520 --> 00:18:15,240 Speaker 1: once people get inside, they're able to navigate the building 342 00:18:15,560 --> 00:18:18,120 Speaker 1: in a really a way that's it's a friendly way, 343 00:18:18,119 --> 00:18:21,639 Speaker 1: it's a very comfortable way, and really driving that experience 344 00:18:21,680 --> 00:18:24,680 Speaker 1: to the mobile device. Again, having the capacity that we 345 00:18:24,800 --> 00:18:27,720 Speaker 1: just talked about it with three times what any other 346 00:18:27,720 --> 00:18:30,520 Speaker 1: building has is so important to us. And and then 347 00:18:30,560 --> 00:18:34,760 Speaker 1: you you start talking about wiring, security and other sorts 348 00:18:34,800 --> 00:18:37,960 Speaker 1: of of of elements into the mobile device. We think 349 00:18:38,000 --> 00:18:40,080 Speaker 1: it's just gonna provide the very first class and the 350 00:18:40,080 --> 00:18:42,879 Speaker 1: cutting edge experience once we get the Hollywood Park and 351 00:18:42,920 --> 00:18:46,280 Speaker 1: so By Stadium, and I've read about experiments in in 352 00:18:46,400 --> 00:18:52,359 Speaker 1: live entertainment with using mobile phones augmented reality bringing an 353 00:18:52,400 --> 00:18:55,800 Speaker 1: additional layer of entertainment to the experience. You guys thinking 354 00:18:55,800 --> 00:18:58,560 Speaker 1: along those lines, well we are you know we Uh, 355 00:18:58,640 --> 00:19:01,639 Speaker 1: we have a really great achnology group that that in 356 00:19:01,760 --> 00:19:06,080 Speaker 1: house that comes from all different areas of the entertainment 357 00:19:06,200 --> 00:19:11,159 Speaker 1: and the live experience, live entertainment experience, and so certainly 358 00:19:11,240 --> 00:19:13,520 Speaker 1: VR we use it right now on the sales side, 359 00:19:13,560 --> 00:19:15,640 Speaker 1: so we we get out in the marketplace and are 360 00:19:15,640 --> 00:19:19,080 Speaker 1: actually able to to take the stadium from a VR 361 00:19:19,160 --> 00:19:22,800 Speaker 1: perspective into the marketplace and talk about sitelines and talk 362 00:19:22,840 --> 00:19:26,320 Speaker 1: about experiences and talk about just that navigating from your 363 00:19:26,359 --> 00:19:29,240 Speaker 1: car to your seat on game day. It also helps 364 00:19:29,320 --> 00:19:31,919 Speaker 1: us out in terms of talking to sponsors and what 365 00:19:31,960 --> 00:19:34,639 Speaker 1: their activations will look like. Uh. And then you know, 366 00:19:34,720 --> 00:19:37,280 Speaker 1: going to artists like Taylor Swift and saying, you know, 367 00:19:37,320 --> 00:19:40,639 Speaker 1: here's the seating bowl, this is what the LED displays 368 00:19:40,680 --> 00:19:44,240 Speaker 1: look like. Let's talk about programming a show that's really 369 00:19:44,280 --> 00:19:47,720 Speaker 1: specific for Hollywood Park and SOFI Stadium. Uh, That's that's 370 00:19:47,720 --> 00:19:49,520 Speaker 1: gonna be really important for us. And then from an 371 00:19:49,560 --> 00:19:52,840 Speaker 1: operating perspective, it creates a tremendous amount of efficiencies, were 372 00:19:52,840 --> 00:19:55,919 Speaker 1: able to get in and really understand how how the 373 00:19:55,960 --> 00:19:59,119 Speaker 1: building will be programmed and look and feel before the 374 00:19:59,160 --> 00:20:02,680 Speaker 1: event actually occur. You know, with all this mobile talk 375 00:20:02,720 --> 00:20:04,720 Speaker 1: and makes me think about five G, are you guys 376 00:20:04,760 --> 00:20:09,400 Speaker 1: are anticipating how that will impact your operations? Yeah? Certainly. Uh, 377 00:20:09,520 --> 00:20:12,560 Speaker 1: five G in in in the future of of mobile. 378 00:20:12,640 --> 00:20:16,439 Speaker 1: We're we're working with partners right now. Again from a 379 00:20:16,440 --> 00:20:19,680 Speaker 1: capacity perspective. Uh, we feel really comfortable and we will 380 00:20:19,720 --> 00:20:23,640 Speaker 1: have five G capability integrated into the project itself. I mean, 381 00:20:23,680 --> 00:20:27,400 Speaker 1: do you feel like five G will have a dramatic impact? 382 00:20:27,440 --> 00:20:29,600 Speaker 1: I mean the hype is is pretty incredible about how 383 00:20:29,600 --> 00:20:32,000 Speaker 1: transformative it could be. Well, we do. I mean listen, 384 00:20:32,040 --> 00:20:36,000 Speaker 1: anytime you're making that switch or that leap, uh, you 385 00:20:36,000 --> 00:20:38,960 Speaker 1: you always have to be cautially optimistic. I can tell 386 00:20:39,000 --> 00:20:41,480 Speaker 1: you whether it's the capacity itself or the number of 387 00:20:41,520 --> 00:20:44,720 Speaker 1: restrooms or food and beverage stands. Uh. You know, we 388 00:20:44,760 --> 00:20:49,720 Speaker 1: are adapting to uh the existing technology and and making 389 00:20:49,760 --> 00:20:53,680 Speaker 1: sure that we can transition appropriately into the future of 390 00:20:53,680 --> 00:20:56,840 Speaker 1: of of the mobile device and uh the digital Antanta 391 00:20:56,920 --> 00:20:59,600 Speaker 1: systems into the five G world. We have to be 392 00:21:00,280 --> 00:21:05,840 Speaker 1: tremendously flexible. Are you thinking much about Internet of things technology, 393 00:21:05,960 --> 00:21:08,359 Speaker 1: and you know, a stadium is basically like a giant 394 00:21:08,440 --> 00:21:11,760 Speaker 1: bowl of touch points. So do you have that kind 395 00:21:11,800 --> 00:21:14,880 Speaker 1: of technology baked into this? You know, we do. So. 396 00:21:15,280 --> 00:21:18,119 Speaker 1: The the interesting thing again kind of just touching on 397 00:21:18,160 --> 00:21:22,640 Speaker 1: a little bit of the the actual uh, the operation 398 00:21:22,680 --> 00:21:25,080 Speaker 1: efficiencies right in terms of the food and beverage program 399 00:21:25,119 --> 00:21:29,480 Speaker 1: and understanding you know, efficiencies and hot dogs and hamburgers 400 00:21:29,560 --> 00:21:32,560 Speaker 1: and popcorn and those sorts of elements and making sure 401 00:21:32,600 --> 00:21:35,320 Speaker 1: that you're getting the right information to actually deliver the 402 00:21:35,320 --> 00:21:37,480 Speaker 1: food in an efficient manner, buy the right amount of food. 403 00:21:37,480 --> 00:21:39,760 Speaker 1: I mean, all those things in real time, in real time, 404 00:21:39,840 --> 00:21:42,119 Speaker 1: and all those things certainly are being done in a 405 00:21:42,160 --> 00:21:43,760 Speaker 1: lot of venues, but we think about how to do 406 00:21:43,800 --> 00:21:47,000 Speaker 1: it better today than than you know, perhaps the next person. 407 00:21:47,040 --> 00:21:49,359 Speaker 1: The one thing that we also look from a digital 408 00:21:49,400 --> 00:21:52,800 Speaker 1: fan experience is really understanding and customizing the experience for 409 00:21:52,840 --> 00:21:56,480 Speaker 1: the consumer right and and and being able to interact, uh, 410 00:21:56,480 --> 00:21:58,600 Speaker 1: and know that the third quarter a fan likes to 411 00:21:59,119 --> 00:22:01,199 Speaker 1: order a hot dog, and being able to talk to 412 00:22:01,280 --> 00:22:03,080 Speaker 1: that fan at the beginning of the third quarter and 413 00:22:03,119 --> 00:22:05,240 Speaker 1: say would you like your hot dog? Things like that 414 00:22:05,240 --> 00:22:08,720 Speaker 1: that are really important that that really allow and and 415 00:22:08,920 --> 00:22:11,720 Speaker 1: drive a better fan experience, uh that that we work 416 00:22:11,760 --> 00:22:14,160 Speaker 1: on every day. And then certainly whenever you start talking 417 00:22:14,160 --> 00:22:16,960 Speaker 1: about the entire three acres. So again, we you know, 418 00:22:17,080 --> 00:22:19,840 Speaker 1: talked a little bit earlier about the size of the 419 00:22:19,840 --> 00:22:23,680 Speaker 1: three acre development. Um we have over thirteen million score 420 00:22:23,720 --> 00:22:26,080 Speaker 1: feet on the project. The stadium itself is over three 421 00:22:26,119 --> 00:22:28,359 Speaker 1: million score feet, so we have a lot of of 422 00:22:28,440 --> 00:22:32,119 Speaker 1: non stadium type uses to develop over the next you know, 423 00:22:32,200 --> 00:22:35,480 Speaker 1: several years. And how the internet things is able to 424 00:22:35,560 --> 00:22:38,679 Speaker 1: drive you know, footfall and traffic and really integrate the 425 00:22:38,760 --> 00:22:41,520 Speaker 1: entire three hundred acres not only on an event day 426 00:22:41,760 --> 00:22:44,080 Speaker 1: but also throughout the entire year is so important for 427 00:22:44,160 --> 00:22:48,159 Speaker 1: us and really drives our thoughtfulness and programming. I was 428 00:22:48,359 --> 00:22:51,000 Speaker 1: struck by what you were saying though about sort of 429 00:22:51,480 --> 00:22:54,520 Speaker 1: you know, anticipating a fans hunger for a hot on 430 00:22:54,560 --> 00:22:58,159 Speaker 1: the third quarter. Is there gonna be a lot of 431 00:22:58,280 --> 00:23:02,040 Speaker 1: data capture going on on of these fans. Are you 432 00:23:02,080 --> 00:23:05,040 Speaker 1: going to sort of know them in this customized way, 433 00:23:05,080 --> 00:23:07,680 Speaker 1: because that's a pretty revolutionary notion. I don't think the 434 00:23:07,960 --> 00:23:11,119 Speaker 1: stadiums were talking like this five years ago. Well, certainly, 435 00:23:11,280 --> 00:23:14,480 Speaker 1: I mean, we're we're very uh we're very sensitive first 436 00:23:14,480 --> 00:23:16,320 Speaker 1: and foremost of privacy and those sorts of things that 437 00:23:16,320 --> 00:23:19,760 Speaker 1: are very important in today's world. M are. What we're 438 00:23:19,920 --> 00:23:23,000 Speaker 1: really focused on is being able to make sure that 439 00:23:23,080 --> 00:23:26,359 Speaker 1: again we're being able to provide that experience. UM. That 440 00:23:26,600 --> 00:23:29,960 Speaker 1: ultimately is what the the experience of the fan wants, right, 441 00:23:30,040 --> 00:23:32,480 Speaker 1: that they're asking for and they're seeking out UM and 442 00:23:32,480 --> 00:23:34,879 Speaker 1: then truly we're able to deliver on that. So I 443 00:23:34,920 --> 00:23:38,120 Speaker 1: mean we we it's it's it is revolutionary UM. But 444 00:23:38,200 --> 00:23:41,440 Speaker 1: again it's it's about where where the live and entertainment 445 00:23:41,480 --> 00:23:44,399 Speaker 1: experiences going and uh, and we have great people on 446 00:23:44,440 --> 00:23:48,280 Speaker 1: the project that are thinking about that every day. Speaking broadly, 447 00:23:48,400 --> 00:23:51,720 Speaker 1: looking at the live entertainment landscape, I'm curious as as 448 00:23:51,880 --> 00:23:55,960 Speaker 1: you guys designed so far in Hollywood Park, did you 449 00:23:56,040 --> 00:24:00,280 Speaker 1: look broadly and note trends that were like, okay, we 450 00:24:00,280 --> 00:24:02,159 Speaker 1: we want to zag to this zig we could do 451 00:24:02,240 --> 00:24:05,200 Speaker 1: better than this? Like what what what? What is sort 452 00:24:05,200 --> 00:24:07,960 Speaker 1: of the state of live entertainment that guided you towards 453 00:24:08,000 --> 00:24:10,400 Speaker 1: the decisions you've made. Well, I'd say, you know, it's 454 00:24:10,480 --> 00:24:13,720 Speaker 1: it's it's um. It really is at a macro level, 455 00:24:13,720 --> 00:24:16,479 Speaker 1: it's how people are spending their time, right, so you 456 00:24:16,520 --> 00:24:19,919 Speaker 1: think about UM and again kind of the core competency 457 00:24:20,000 --> 00:24:23,760 Speaker 1: of really our organization. Getting back to retail development, you 458 00:24:23,800 --> 00:24:26,920 Speaker 1: think about the trends in the retail industry now, uh 459 00:24:26,960 --> 00:24:29,919 Speaker 1: you know, transitioning into more experiential type retail, which is 460 00:24:29,920 --> 00:24:33,640 Speaker 1: so important. And you know, we've even outside of Hollywood Park, 461 00:24:33,880 --> 00:24:36,679 Speaker 1: I've been thoughtful on how we've transitioned our spaces in 462 00:24:36,680 --> 00:24:39,720 Speaker 1: a more experiential type environment. And so what you'll find 463 00:24:39,720 --> 00:24:42,399 Speaker 1: at Hollywood Park not only the stadium itself and the 464 00:24:42,440 --> 00:24:45,000 Speaker 1: fan experience and really the cutting edge fan experience that 465 00:24:45,040 --> 00:24:48,119 Speaker 1: will deliver there, but you think about those other experiences 466 00:24:48,160 --> 00:24:51,840 Speaker 1: throughout the project the retail. Creating experiential type retail is 467 00:24:51,840 --> 00:24:54,280 Speaker 1: so important to us, place where people actually want to 468 00:24:54,320 --> 00:24:56,640 Speaker 1: go and spend time, even if they don't necessarily want 469 00:24:56,640 --> 00:24:59,520 Speaker 1: to shop in. Our retail will have a basketball court, 470 00:24:59,720 --> 00:25:03,040 Speaker 1: will have mourning areas and great places just to go 471 00:25:03,240 --> 00:25:06,000 Speaker 1: and relax and be a part of. We'll have experienced 472 00:25:06,000 --> 00:25:09,400 Speaker 1: type of tenants, talk about e sports, talk about location 473 00:25:09,440 --> 00:25:12,760 Speaker 1: based gaming and entertainment. All of those things will will 474 00:25:12,760 --> 00:25:15,920 Speaker 1: flow through in in our retail design. Uh. In In 475 00:25:16,000 --> 00:25:20,120 Speaker 1: addition to that, you look at having NFL media so uh, 476 00:25:20,160 --> 00:25:23,240 Speaker 1: for those of you may know, NFL Media currently has 477 00:25:23,359 --> 00:25:26,320 Speaker 1: existing offices here in the Los Angeles area, and they're 478 00:25:26,440 --> 00:25:30,760 Speaker 1: relocating uh not only their office but also their three 479 00:25:31,160 --> 00:25:34,480 Speaker 1: sixty five day year studio use will be uh will 480 00:25:34,520 --> 00:25:37,240 Speaker 1: be relocated to Hollywood Park. So think about kind of 481 00:25:37,240 --> 00:25:40,560 Speaker 1: the Today's show, all of their digital content creation uh 482 00:25:40,760 --> 00:25:44,600 Speaker 1: being being done live and created from Hollywood Park. So again, 483 00:25:44,600 --> 00:25:48,560 Speaker 1: as you think about experiences at Today's show type environment 484 00:25:48,600 --> 00:25:51,040 Speaker 1: where you can come and see the demo field and 485 00:25:51,119 --> 00:25:55,440 Speaker 1: actually interact with the talent, see them broadcasting live, that 486 00:25:55,560 --> 00:25:59,320 Speaker 1: for us is creating really memorable experiences that that everyone 487 00:25:59,680 --> 00:26:01,760 Speaker 1: from the this part is seeking out today. In terms 488 00:26:01,800 --> 00:26:05,000 Speaker 1: of of of these types of developments, do you anticipate 489 00:26:05,080 --> 00:26:08,800 Speaker 1: other tenants besides the NFL will become part of Hollywood Park? Certainly? 490 00:26:08,800 --> 00:26:11,400 Speaker 1: I mean we we are we are working every day 491 00:26:11,760 --> 00:26:15,240 Speaker 1: on a development plan. Again over thirteen million square feet 492 00:26:15,280 --> 00:26:18,399 Speaker 1: of of entitlements we uh you know the office you 493 00:26:18,560 --> 00:26:22,159 Speaker 1: certainly in Los Angeles, we have a meaningful aggregation of 494 00:26:22,280 --> 00:26:27,320 Speaker 1: land at Hollywood Park all entitled uh for large contemporary 495 00:26:27,320 --> 00:26:30,000 Speaker 1: type office space to be velt uh that we feel 496 00:26:30,040 --> 00:26:33,080 Speaker 1: really really positive about. Uh. And then this is your 497 00:26:33,080 --> 00:26:37,720 Speaker 1: retail tenants and are important, and we'll have a residential component. 498 00:26:37,880 --> 00:26:41,200 Speaker 1: So uh, we'll have over in our first phase, we'll 499 00:26:41,200 --> 00:26:44,240 Speaker 1: have over three D four rent apartments long term up 500 00:26:44,280 --> 00:26:48,960 Speaker 1: to units at the site at Hollywood Park. One last question, 501 00:26:49,440 --> 00:26:52,880 Speaker 1: Let's go back to Stan Cronky. I'm curious how patient 502 00:26:53,160 --> 00:26:56,440 Speaker 1: is he going to be if this is it going 503 00:26:56,480 --> 00:26:59,639 Speaker 1: to require being an overnight success or he's in it 504 00:26:59,680 --> 00:27:01,960 Speaker 1: for the long haul and he'll be patient. Well, I 505 00:27:01,960 --> 00:27:04,320 Speaker 1: think listen, I think you know, stand Cronky and his 506 00:27:04,400 --> 00:27:08,240 Speaker 1: vision to deliver this building. I mean this building. Uh, 507 00:27:08,280 --> 00:27:10,600 Speaker 1: it was not something that you know, he thought of overnight, 508 00:27:10,680 --> 00:27:14,720 Speaker 1: certainly as he went about designing the project. Um. As 509 00:27:14,720 --> 00:27:17,640 Speaker 1: a real estate developer, you know, nothing just happens overnight 510 00:27:17,680 --> 00:27:21,960 Speaker 1: projects good projects generally, it takes time, a lot of thought, uh, 511 00:27:21,960 --> 00:27:23,720 Speaker 1: and a lot of hard work in order to deliver. 512 00:27:23,800 --> 00:27:27,240 Speaker 1: And it's not necessarily delivering whenever you cut the ribbon, 513 00:27:27,280 --> 00:27:30,480 Speaker 1: but it's delivering year over year. That really is what's 514 00:27:30,480 --> 00:27:33,280 Speaker 1: going to make Hollywood Parks such success. And certainly stand 515 00:27:33,320 --> 00:27:35,040 Speaker 1: Cronky and the risk that he took in the vision 516 00:27:35,040 --> 00:27:39,480 Speaker 1: that he has uh will be the reason that Hollywood 517 00:27:39,520 --> 00:27:42,360 Speaker 1: Park is a is a success and so by stating, well, 518 00:27:42,480 --> 00:27:44,360 Speaker 1: wish your best of luck as you guys head into 519 00:27:44,359 --> 00:27:47,280 Speaker 1: the home stretch on the construction front, looking forward to 520 00:27:47,280 --> 00:27:50,360 Speaker 1: seeing the stadium in person. Thanks for coming in, Jason right. Thanks, 521 00:27:50,359 --> 00:27:58,680 Speaker 1: and this has been another episode of Strictly Business. Tune 522 00:27:58,680 --> 00:28:01,720 Speaker 1: in next week for another help being a scintillating conversation 523 00:28:01,800 --> 00:28:04,560 Speaker 1: with media movers and shakers, and please make sure you 524 00:28:04,600 --> 00:28:08,960 Speaker 1: subscribe to the podcast to hear future episodes. Also leave 525 00:28:09,000 --> 00:28:11,640 Speaker 1: a review in Apple Podcast let us know how we're doing. 526 00:28:12,160 --> 00:28:12,200 Speaker 1: M