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
JACK MURPHY BOLTS AHEAD WITH LEASE RENEWAL AND RENOVATIONS
Published May 17, 1995
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).