USC has wanted L.A. Coliseum for quite some time and now it's theirs. The Los Angeles Memorial Coliseum Commission approved an agreement Monday to hand over day-to-day control of the publicly owned stadium to the Trojans. The school now obtains the master lease for the 88-year-old stadium, giving the university the exclusive right to use, manage and operate the facility. What closed the deal was commission members acknowledging last year they would be unable to keep their promise to USC to make $50 million in improvements to the aging facility.