The Chargers’ plan for a new stadium in San Diego calls for the team (and the NFL) to pay $650MM while a 4% hike in the local hotel tax would provide an additional $350MM, Kevin Acee of U-T San Diego writes. In total, that would add up to the $1 billion needed to construct a new stadium. All in all, the plan is asking less of the city than most stadium proposals do, but it remains to be seen whether San Diego will greenlight the pitch.
Here’s more on the Chargers’ stadium situation as well as draft news:
- It’s not immediately clear what percentage of the electorate would be required for passage, Dan McSwain and Lori Weisberg of U-T San Diego write. Recently, a California appellate court ruled that a motion to tax marijuana dispensaries needed only a simple majority (50% plus one vote) to pass, but the old rules require two-thirds of a vote. “We’re operating as if it’s two-thirds,” Fred Maas, a development consultant to the Chargers, said Tuesday.
- The Chargers released a comprehensive FAQ regarding the Citizens’ Initiative. Within the FAQ, the Chargers acknowledge that there will still be logistical hurdles to deal with if the initiative passes.
- Oregon defensive lineman DeForest Buckner visited the Chargers on Wednesday, per Rand Getlin of NFL Network (on Twitter). Buckner is regarded as one of the top prospects in the draft and could be in the mix for San Diego at No. 3.
- The Chargers worked out former Nevada quarterback Cody Fajardo, Michael Gehlken of U-T San Diego tweets. Fajardo spent training camp with Oakland in 2015 as a UDFA.
- UCLA product Myles Jack expects to play safety if he’s drafted by the Chargers, as Gehlken writes. “They feel like I can fill that spot Eric Weddle was at,” Jack said.
The stadium proposal places very little risk on Dean Spanos. The additional hotel tax hits our tourism industry but is not ridiculous. The new stadium could bring Super Bowl to San Diego and other large events.
I would still like to see more Spanos dollars in this stadium deal.
So you don’t think Spanos putting 550 million not enough? 350 mil from him, 200 from NFL(which he has to pay back) and that extra 100 mil. Wow!!!
Doubt people will change their minds on vacationing in SD based on a 4% hike in their hotel bill
This won’t pass because of the politicians want this in MV. They might come to an agreement but if MV is the location. Downtown is just to many hurdles and they the hoteliers don’t want to lose any more money cause people will stay in hotel circle or other cheaper places in SD. The prices DT are outrageous already even though it is .04 on the dollar and sounds like a great idea. Plus the amount of money Spanis is putting up is the same he would have to pay if he relocated to LA so I think that was his plan all along. Stay the course cause he will not own the stadium here and he will not have ownership in LA either so it’s more about 10 games a year and making all the money on suites, luxury boxes, PSL he didn’t have at the “q.” So he is plying fair and will pay for overrides on construction of it exceeds original cost. Plus downtown is a high roller and that’s why they want it there, they know people spend cheese down there. Not that they can’t develop MV and make some$ there as well. How much is SDSU putting in to keep a team at the D-1 level. If bolts leave they may have to build a stadium where? And the $ for that? JMI is a big booster but is he going to fork out that kind of cheese?
Please pass! So tired of hearing about this!
Chargers are great for our community!
PS Take Ramsey!!
Go bolts!!
#getrdone