CSAG presents proposal for new Mission Valley NFL stadium

Earlier today, San Diego Mayor Kevin Faulconer’s Citizen Stadium Advisory Group proposed a 1.1 billion dollar plan to build a new football stadium on the Mission Valley site where Qualcomm Stadium currently sits.

To pay for the proposed stadium, parking, stadium-related infrastructure and operations and maintenance, CSAG’s financing plan includes 60 acres of land from the City of San Diego valued at $180 million, and more than a dozen funding sources that exceed $1.4 billion, including:

  • $300 million from the Chargers
  • $173 million in bondable construction capital from the team’s rent.
  • $200 million from the NFL.
  • $121 million from the County of San Diego.
  • $121 million from the City of San Diego.
  • $225 million from the sale of 75 acres of land.
  • More than $100 million from fans, who would contribute through the purchase of Personal Seat Licenses (PSLs), and ticket and parking surcharges.

See CSAG’s entire press release here.

What do you think of CSAG’s proposal? Did they do a good job? Do you think the Chargers will pursue this option?
 

About a week ago, Scott Kaplan worried about what would be presented today:

Comments

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2 thoughts on “CSAG presents proposal for new Mission Valley NFL stadium

  1. Pingback: 5/19 Morning Mighty: Are the Chargers bolting out of town? | Mighty1090AM

  2. MadCharles

    Every nook and cranny to keep the Chargers should have been filled in five years ago & chomping at the bit to get out of the desk drawer. I think this Hail Mary forgot Mary long ago. San Diego got what it voted.
    rvn70/71

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