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Under the lease the University has day-to-day management and operation responsibility for both the Coliseum and Sports Arena properties.The 98-year lease took effect on July 29, 2013, and was signed by the parties on September 5, 2013.A pair of life-sized bronze nude statues of male and female athletes atop a 20,000 pound (9,000 kg) post-and-lintel frame formed the Olympic Gateway created by Robert Graham for the 1984 games.The statues, modeled on water polo player Terry Schroeder and long jumper from Guyana, Jennifer Inniss, who participated in the games, were noted for their anatomical accuracy.The official ground breaking ceremony took place on December 21, 1921 with construction being completed in just over 16 months, on May 1, 1923.Designed by John and Donald Parkinson, the original bowl's initial construction costs were 4,873.The project, which is solely funded by the University, is scheduled to be completed by the 2019 football season and is the first major upgrade of the stadium in twenty years.Once completed the capacity will go from about 93,607 to 77,500 and the project includes replacing every seat in the stadium along with the addition of luxury boxes and club suites.
The stadium also was the temporary home of the Los Angeles Dodgers of Major League Baseball from 1958 to 1961 and was the host venue for games 3, 4, and 5 of the 1959 World Series.From 1959 to 2016, the Los Angeles Memorial Sports Arena was located adjacent to the Coliseum; the Sports Arena was closed in March 2016 and demolished between August and October 2016.Banc of California Stadium, a soccer-specific stadium and future home of Major League Soccer expansion club Los Angeles FC, is currently under construction on the former Sports Arena site and is scheduled to open in March 2018.When the Coliseum opened in 1923, it was the largest stadium in Los Angeles with a capacity of 75,144. The Olympic cauldron torch which burned through both Games remains above the peristyle at the east end of the stadium as a reminder of this, as do the Olympic rings symbols over one of the main entrances.In 1930, however, with the Olympics due in two years, the stadium was extended upward to seventy-nine rows seats with two tiers of tunnels, expanding the seating capacity to 101,574. The football field runs east to west with the press box on the south side of the stadium.