New MLS/SDSU football stadium proposed in Mission Valley

Earlier today in La Jolla, a group of local investors announced a plan to use the Qualcomm Stadium site in Mission Valley to improve the San Diego State Aztecs football program and create a Major League Soccer expansion team in San Diego.

The group of investors have the exclusive right to apply for a Major League Soccer franchise in San Diego and are working out the details with the league.

The proposed facility would contain 20,000 to 30,000 seats and projected to open in 2020 could also be used by San Diego State University’s Aztecs football team and other soccer teams.

The project, coming 10 days after the Chargers relocated to Los Angeles, came from FS Investors, a La Jolla and San Mateo investment group with a variety of present and past ventures, including some sports and commercial developments.

The financing of this stadium is a little tricky, but there’s a light at the end of the tunnel for San Diego State and the citizens of San Diego….

We’ll know in the next week just how fast this proposal can get off the ground with a citizen’s initiative and a vote by the San Diego City Council.

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