The dilapidated and underappreciated Los Angeles Memorial Sports Arena is long gone, and LAFC's $350-million Banc of California Stadium is now ready to rise in its place.

Passersby in Exposition Park may hae noticed that a tower crane now stands high above the corner of Martin Luther King Jr. Boulevard and Figueroa Street, where vertical construction has now commenced for the 22,000-seat soccer venue.

The project, which was designed by the architecture firm Gensler, is expected to open in time for the 2018 MLS season.

Banc of California Stadium is the first of several major developments slated to remake Exposition Park over the coming years, including a $270-million renovation of the Los Angeles Coliseum, a large-scaled mixed-use complex and potentially the Lucas Museum of Narrative Art.

Rendering of Banc of California Stadium (Image: LAFC)

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10-Story Apartment Building Proposed at 12th & Grand

A 37-story tower had previously been pitched for the property.

Three years after bursting on the scene with plans for a high-rise development near Staples Center, the local subsidiary of a Chinese real estate firm has instead opted for a more modest project in South Park.

Earlier today, City Century submitted an application to the L.A. Department of City Planning for the construction of a 10-story building at 1201 S.