Governor OKs LA football stadium waiver

INDUSTRY, Calif. -- Gov. Arnold Schwarzenegger has signed a bill allowing the construction of a 75,000-seat stadium that developers hope will lure an NFL team to the Los Angeles area.

Schwarzenegger announced the signing of the environmental exemption bill Thursday in Industry, where the stadium would be built about 15 miles east of Los Angeles.

Officials say the stadium would generate more than 18,000 jobs and more than $762 million in economic output.

Senators last week approved the bill, which would nullify a lawsuit filed by nearby residents over the project's environmental impact.

Developer Majestic Realty Co. has said the San Diego Chargers, Oakland Raiders and San Francisco 49ers are on its list of seven teams it will approach about a move to the Los Angeles area.