Report: July 31 deadline for L.A. stadium

Updated: June 3, 2011, 12:11 AM ET

AEG president and CEO Tim Leiweke wants the Los Angeles City Council to approve his plan for a downtown NFL stadium by July 31, or else he says the project could be abandoned, according to a Thursday report.

"We will know by July 31, one way or another," Leiweke told the Los Angeles Times.

The Times reported that while the complexities of a fully defined deal "would take months," Leiweke would settle for a "memorandum of understanding" to be approved by the City Council before its ...

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