The University of Southern California announced plans for extensive renovations for the Los Angeles Memorial Coliseum that could allow it to stage the 2024 Olympics and also serve as a temporary site for an NFL team next season.

The $270 million renovation will bring premium suites and boxes, along with more aisles and new seating for the entire stadium.

"Everybody is going to get a new, great fan experience," USC athletic director Pat Haden told reporters. "You don't have to climb over 18 people to get a hot dog."

Construction is not expected to begin until after the 2017 USC football season and could be completed by the start of the 2019 season.

Todd Dickey, USC's senior vice president, said the NFL has "strongly indicated" the league would like a team to play at the Coliseum in 2016, possibly for two or three seasons.