BMO Field Phase 1 Upgrades Nearly Done McGuire Emphasizes Subsidies For MLS Venue S.F. Official Downplays Concerns Over Warriors Arena Facility Notes New NFL Stadium Efforts Costly For St. Louis NYRA Revives Saratoga Redevelopment Indy Eleven Stadium Bid Runs Out Of Time Facility Notes Consultants Seek Changes To Warriors Arena Plan Falcons To Borrow $850M For New Stadium
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SBD/Issue 63/Facilities & Venues
Chargers Admit New Stadium Likely Will Require Taxpayer Money
Published December 11, 2009
|Chargers Special Counsel Says New Stadium
Will Almost Certainly Involve Taxpayer Money
SPACE ISSUE: Fabiani said that a stadium "could be built downtown for" $700-800M, and Hall notes earlier plans had the Chargers and NFL "contributing $200[M] apiece to a stadium, and the gap bridged by revenue from nearby ancillary development, such as hotels, condominiums and retail." But the team is "dismissing that concept because of the poor economy and the small size of the downtown site." Plans call for a 62,000-seat stadium that "could be expanded to 72,000 seats to accommodate Super Bowls," but the stadium "would abut the street, with little room for other development." Centre City Development Corp. Chair Fred Maas, whose group is the city's downtown redevelopment arm, Thursday said that it is "premature to talk specifics but that any successful plan to redevelop the site -- for a stadium or anything else -- should involve public money" (SAN DIEGO UNION-TRIBUNE, 12/11). Meanwhile, Fabiani said that the Chargers want to "put any stadium measure onto a public ballot." Fabiani: "We believe it is important for everyone to understand that the downtown site might require some sort of taxpayer subsidy" (AP, 12/10).