
San Diego's New Stadium Proposal Released: Latest Financial Details and Photos
Amid rumors the San Diego Chargers may end up leaving for Los Angeles, the city of San Diego is moving forward with plans for a proposed new $1.1 billion stadium.
According to Kevin Acee of U-T San Diego, San Diego officials announced a financing plan requiring the Chargers and NFL to put up $750 million, with $350 million coming from public funding.
San Diego mayor Kevin Faulconer tweeted about how the financial breakdown of this plan works for the taxpayers:
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In addition to listing taxpayer benefits, Faulconer noted the concept put forth is designed to reach a stadium agreement ahead of the NFL's January deadline, with negotiations ongoing, and all parties must agree to a deal before throwing the ball in the Chargers' court:
As far as the look of the proposed new stadium, NFL Network's Rand Getlin and XTRA 1360 radio in San Diego tweeted out images:
According to the Environmental Impact Report, the proposed new stadium would be built on the site Qualcomm Stadium currently occupies.
Mark Fabiani, who is currently representing the Chargers, was quick to respond to today's news, per ESPN.com:
"The Chargers have been clear from the start that the franchise will not be the City's guinea pig for this inevitably ill-fated legal experiment.
Remember, these are the same politicians who told us, with disastrous results in court, that the convention center expansion could be financed by a vote of the hoteliers rather than a vote of the people.
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In May, when San Diego first proposed the stadium, Daniel Kaplan of the Sports Business Journal reported that some NFL circles were not likely to be receptive toward San Diego's stadium proposal because it relies too much on "team money," length of time, location and process.
Details of the stadium proposal and financing come more than one month after Sam Farmer of the Los Angeles Times reported Chargers owner Dean Spanos and Oakland Raiders owner Mark Davis met with Los Angeles mayor Eric Garcetti to discuss a shared stadium in Carson, California.
Sam Cooper of Yahoo Sports found a job listing from the Chargers posted in July stating that applicants must be "willing to relocate to the Los Angeles area, if necessary."
San Diego is taking the steps necessary to entice Spanos and the Chargers to stay, but it's up to them and the NFL to make a deal happen, if they want it to.

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