Rams owner Stan Kroenke purchased this 60 acre site, located between the former Hollywood Park Race Track and The Forum, from Wal Mart in January 2014. At the time, Kroenke's intentions for the property were unknown.
Sports - Football - Pro, Future Locations
Following the January 2016 confirmation of the Rams moving from St. Louis to Los Angeles, it was revealed that this would be the future location of the teams' stadium.
In all, the mixed-use site will feature an 80,000 seat stadium, two lakes, retail, residential, office, and hotel space, and a 6,000 seat performing arts venue.
Links: la.curbed.com, en.wikipedia.org, en.wikipedia.org