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Board approves short extension and one-year stadium operations agreement for Lake Elsinore Diamond
Summary
The board approved a three-month extension to the interim stadium management agreement and a one-year stadium operation and maintenance agreement with the City of Lake Elsinore to align operations with expiring underlying stadium contracts and preserve the successor agency's enforceable obligations through 2026.
The Countywide Oversight Board on Jan. 15 approved a three-month, status-quo extension to the interim stadium management agreement and authorized a one-year stadium operation and maintenance agreement with the City of Lake Elsinore effective Jan. 1, 2027.
Barbara Lebold, who presented the item, said the Lake Elsinore Diamond stadium was constructed as a redevelopment project and that the original donation agreement imposes a 50-year…
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