The city of San Diego doesn’t want the Chargers to move to Los Angeles. In an effort to keep the Bolts in town, they are working on getting a $1.1 billion stadium approved.
In hopes of persuading the Chargers to stay in San Diego, a mayoral committee Monday proposed a financial plan for building an approximately $1.1-billion NFL stadium — a plan that includes major public contributions but not a tax increase.
The plan would include $300 million from the Chargers, $200 million from the NFL, $173 million in construction bonds, $121 million from the city of San Diego and $121 million from San Diego County.
Also, $225 million would come from the sale to a developer of 75 acres at the Mission Valley site, the current home of Qualcomm Stadium. The committee also estimated that more than $100 million could be raised from fans through personal-seat licenses and ticket and parking surcharges.
One sticking point could be that Chargers feel the team is being asked to contribute far more than other NFL teams have been required to pay when their stadiums were built. The proposal includes asking the Chargers to pay $1 million per game in rent.
[LA Times]
