February 26, 2016 Comments Off on Chargers Shift Stadium Plans to Downtown SD, Who Will Pay? Views: 525 California News, San Diego

Chargers Shift Stadium Plans to Downtown SD, Who Will Pay?

While the San Diego Chargers decided not to join the Los Angeles Rams in Inglewood, they did have plans for a stadium in Mission Valley. Now, the team has reversed field, and released a letter requesting support of a new multi-use stadium in downtown San Diego.

Mayor Kevin Faulconer and Supervisor Ron Roberts released a joint statement responding to the team’s plans. Steve Peace, a spokesman for JMI Realty, who is leading the planning, says the Chargers would pay for the “stadium portion” of the project.

A combined facility will reportedly cost an estimated $400 million less than two separate facilities. The remainder of the project would garner financing from a restructured hotel room tax measure. In any event, a ballot measure that will increase taxes must be approved by two-thirds of the city’s voters.

Read More at NBC San Diego

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