<P> The stadium is located in Exposition Park and across the street from USC . The Coliseum is jointly owned by the state of California, Los Angeles County, City of Los Angeles and managed and operated by the Auxiliary Services Department of the University of Southern California . 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 . </P> <P> The Coliseum will be the first stadium to have hosted the Summer Olympics three times, in 1932, 1984 and the future Summer Olympics in 2028, after the International Olympic Committee confirmed a deal it established on July 31, 2017, during the 131st IOC Session . </P> <P> 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 . It was the site of the First AFL - NFL World Championship Game, later called Super Bowl I, and Super Bowl VII . Additionally, it has served as a home field for a number of other teams, including the Los Angeles Raiders of the NFL, and UCLA Bruins football . It was declared a National Historic Landmark on July 27, 1984, the day before the opening ceremony of the 1984 Summer Olympics . </P> <P> The Los Angeles Memorial Coliseum Commission, which consists of three voting members appointed by the three ownership interests and meets on a monthly basis, provides public oversight of the master lease agreement with USC . 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 . The agreement requires the University to make approximately $100 million in physical improvements to the Coliseum, pay $1 million each year rent to the State of California, maintain the Coliseum's physical condition at the same standard used on the USC Campus, and assume all financial obligations for the operations and maintenance of the Coliseum and Sports Arena Complex . </P>

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