SBD/17/Facilities Venues

JACK MURPHY BOLTS AHEAD WITH LEASE RENEWAL AND RENOVATIONS

     The Chargers have extended their lease agreement with the
city of San Diego and Jack Murphy Stadium through 2020.  Included
in the agreement are plans to expand the capacity of Jack Murphy
to accommodate more than 70,000 fans (Chargers).  The deal will
net the Chargers 10,582 new general admission seats, 26 new
luxury suites, two new scoreboards, and a "state-of-the-art off-
site" practice facility, according to the SAN DIEGO UNION
TRIBUNE.  The city will be responsible for $60M in revenue bonds,
with a yearly retirement fee of $7M, and a commitment to
guarantee the sale of 60,000 seats per game for the life of the
deal. In return, the Chargers agree to an average of $5M in lease
payments to the city each season.  All renovations are set to be
completed by the time San Diego hosts Super Bowl XXXII in '98
(Barry Bloom, SAN DIEGO UNION TRIBUNE, 5/16).
Return to top

Related Topics:

Facilities, San Diego Chargers

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug