Gov. Arnold Schwarzenegger signed an environmental exemption bill Thursday that will clear the way for construction of the LA Stadium.

State senators approved the bill, which would nullify a lawsuit over the project's environmental impact report by citizens in neighboring Walnut. Schwarzenegger signed the bill in support of the stadium because its impact on the local economy and its ability to generate jobs.

He delivered his signature Thursday in Industry.

There will be more than 6,700 new jobs created because of the stadium, causing an addition $21 million in new tax revenue and $762 million in new economic activity, said LA Stadium spokesperson.

Schwarzenegger hopes developer Majestic Realty Co., the driving company behind the project, doesn't poach any California teams to play in the proposed venue. They have indicated their plan to approach seven teams in hopes of luring one to LA. The list includes the three California teams: San Diego Chargers, Oakland Raiders and the San Francisco 49ers.

Many residents hope to see quality professional football played in LA in the next couple of years, which just might narrow down the list of seven potentials and maybe even make the governor happy.