Staples Center owner AEG is working on plans to build a downtown "events center" and bring an NFL team to Los Angeles in deals that could be finalized by year's end, the company's chief executive said Thursday.

AEG is willing to invest $1 billion in a stadium complex and $300 million in a renovation of the Los Angeles Convention Center, creating a complex that would crown Los Angeles the "event capital of the word," CEO and President Tim Leiweke said.

The plan puts AEG in competition with a proposal by billionaire Ed Roski's Majestic Realty to bring an National Football League team to a stadium that would be built in the City of Industry.

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