College Football HOF To Open On Budget Legends-Forest City Deal For Nassau Breaks Down Baylor Hosts Media Tour Of McLane Stadium HOK Acquires 360 Architecture For Undisclosed Price HOK Acquires 360 Architecture For Undisclosed Price Heat An Unforeseen Issue At Levi's Stadium Facility Notes Levi's NFL Debut Goes Off Without A Hitch Chargers, City Officials Exploring Joint Stadium Documents Detail What Braves Sought For Ballpark
Upcoming Conferences and Events
THE MURPH TO GET A FACELIFT: CHARGERS EXTEND LEASE
Published March 7, 1995
The Chargers agreed yesterday to a new lease that could keep them at Jack Murphy Stadium until 2020. As part of the deal, the city will contribute $60M to pay for a new practice facility for the team and stadium improvements that will include an additional 10,000 seats. The increased capacity of 72,000 will be in place before the city hosts Super Bowl XXXII in 1998. The club will pay the city a $1.50 surcharge on every ticket sold, beginning in '97. The team already pays 10% of their ticket revenue in rent. Also, the San Diego Int'l Sports Council will make sure the team averages 60,000 per game each season by purchasing any amount that fall short of that goal. The team will have the option of reopening the lease every four years, beginning in 2007. The team's current lease expires in 2003. The city's Stadium Authority and the City Council are expected to approve the deal. Chargers Vice Chair Dean Spanos acknowledged the deal is at "the lower end of new deals that are out there": "We're paying more than most teams are. If we were going to shop this thing out, I know we can get a better deal someplace else. But it was not our intent, it never was our intent, it never was discussed from that perspective" (Barry Bloom, SAN DIEGO UNION-TRIBUNE, 3/7).