One NFL Stadium…or Two?

With applause from downtown business leaders and union officials, the LA City Council today approved what's called a "non-binding" memorandum of understanding -- 12 votes to zero. AEG, which owns Staples Center and LA Live, can now begin to arrange financing for a football stadium next to them near the intersection of westbound Interstate 10 and the northbound Interstate 110 freeways. It's already been named Farmers' Field for Farmers' Insurance.