February 11, 2024
The city seeks the development of a state-of-the-art entertainment district anchored by a new soccer stadium to attract professional men’s and women’s soccer teams to Pico Rivera.
Pico Rivera took a massive step toward transforming its community into a premier destination for sports and entertainment and will sign a negotiated letter of interest with the United Soccer League (USL) at a ceremony tomorrow, February 12, to explore the development of a state-of-the-art entertainment district anchored by a new professional stadium to bring professional men’s and women’s soccer teams to Pico Rivera.
A Negotiated Letter of Interest (LOI) is a document used in business transactions and real estate deals, or mergers and acquisitions where the key terms have been discussed and agreed upon before the letter is formalized. Unlike a standard LOI, which is often a unilateral expression of interest, a negotiated LOI is the result of prior discussions between the parties to align on fundamental deal terms before moving forward with a formal contract.
USL Chief Operation Officer Dan Holman will be joined by Pico Rivera Mayor John R. Garcia and City Manager Steve Carmona at 1:00 p.m. at Pico Rivera City Hall, 6615 Passons Blvd., Pico Rivera, CA 90660
Founded in 1986, the USL is the largest and fastest-growing soccer organization in the United States, impacting more than 200 communities nationwide. The USL provides a comprehensive youth-to-professional pathway for both men and women under one ecosystem, with two professional men’s leagues—the USL Championship (Division II) and USL League One (Division III)—and the Division I professional women’s USL Super League, which launched in 2024. The USL has multi-year national and international media rights agreements across various platforms, including CBS Sports, ESPN, and Peacock, making the USL the most widely accessible soccer league in the country.
The USL has cultivated many great players:
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