Los Angeles Memorial Coliseum is a large outdoor sports stadium in the University Park neighborhood of Los Angeles, at Exposition Park, that is home to the Pacific-12 Conference’s University of Southern California (USC) Trojans football team. It is the largest football stadium in the Pac-12. It is located next to the Los Angeles Memorial Sports Arena in Exposition Park, across the street from USC. The Coliseum and Sports Arena are jointly owned by the State of California, Los Angeles County, and the City of Los Angeles, and both are managed and operated by the University of Southern California. The Los Angeles Memorial Coliseum Commission, which consists of three voting members appointed by the three ownership interests and meets on a quarterly 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. 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. The Coliseum is the first stadium to have hosted the Olympic Games twice, in 1932 and 1984. It has also hosted Super Bowls and World Series. It was declared a National Historic Landmark on July 27, 1984, the day before the opening ceremony of the 1984 Summer Olympics.