 Edward P. Roski, a part-owner of the Los Angeles Lakers and Los Angeles Kings, announced plans for a new stadium on the northern side of the interchange of State Routes 57 and 60 (almost east of downtown LA) with the purpose of attracting a team to the Los Angeles region.Roski, who built the Staples Center, stated that the new 73,300-seat stadium, a part of a 600-acre entertainment and retail project, would all be privately financed and be the centerpiece of a new entertainment complex in the City of Industry.In June 2008, reports surfaced that the City of Industry could become the home of the 49ers or Raiders by as early as 2010 when both teams' stadium leases expired, or could become home to another team.