January 24, 2017 Comments Off on $1B Sports, Entertainment District Proposed for Qualcomm Site Views: 518 California News, San Diego

$1B Sports, Entertainment District Proposed for Qualcomm Site

FS Investors, a La Jolla, CA and San Mateo, CA-based investment group, has proposed a $1-billion redevelopment of San Diego’s Qualcomm Stadium site. The Mission Valley property would contain a $200-million soccer stadium, envisioned to open in 2020.

FS Investors’ proposed ideas for the 166-acre property, which was the former home of the Chargers football team, include:

  • Acquiring the entire site from the city
  • Demolishing the 50-year-old Qualcomm Stadium
  • Exploring transit-oriented development projects with others including housing, office space for SDSU as well as corporate HQ users, hotels and related commercial and entertainment uses
  • Paying roughly $50 million in projected costs for a 55-acre San Diego River Park
  • Setting aside roughly 15 acres for a potential future NFL stadium

FS Investors has exclusive rights to apply for a pro soccer franchise, and says it will file by the end of this month. The signature-gathering campaign for a ballot initiative would be launched in time to qualify for a 2018 city vote.

Read more at San Diego Union-Tribune

Connect With FS Investors

For comments, questions or concerns, please contact Dennis Kaiser

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