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Old July 12th, 2013, 04:11 PM   #161
will101
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Originally Posted by RMB2007 View Post
Let me get this straight: people in San Diego are too poor to pay the seat licensing fees that can build the stadium without taxpayer money?

I really think that if the Chargers put together a plan that had $100 million from the Spanos family, $200 mil from the NFL's G-4 fund, and say $500 mil from seat licenses, the city and country would be a lot more willing to help add about $200 mil, than just saying "We can get $300 mil, can you raise taxes to cover $700 mil?" This is not a difficult concept. Especially in GOP-dominated San Diego. Either they are missing something, or I am.
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Old July 12th, 2013, 07:13 PM   #162
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will: when you are asking for 1M ransom, you don't volunteer to put 700k of it in yourself.

It would be an interesting scenario for SD if the Raiders and Rams did move to LA and grabbed all the fans, media attention, cable, etc., for SoCal. Could be a pretty thin audience left over after years of being the only game in the area.
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Old July 12th, 2013, 08:12 PM   #163
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will: when you are asking for 1M ransom, you don't volunteer to put 700k of it in yourself.

It would be an interesting scenario for SD if the Raiders and Rams did move to LA and grabbed all the fans, media attention, cable, etc., for SoCal. Could be a pretty thin audience left over after years of being the only game in the area.
For all of the talk about the Chargers being LA's closest NFL franchise, the Chargers are pretty irrelevant here. The NFL has forced their networks to treat LA as an extension of the San Diego television market, so the team does get priority coverage on the local CBS affiliate, but I know few Chargers fans personally. LA truly is a market of loyalty multiplicity when it comes to the NFL.
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Old July 12th, 2013, 10:26 PM   #164
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For all of the talk about the Chargers being LA's closest NFL franchise, the Chargers are pretty irrelevant here. The NFL has forced their networks to treat LA as an extension of the San Diego television market, so the team does get priority coverage on the local CBS affiliate, but I know few Chargers fans personally. LA truly is a market of loyalty multiplicity when it comes to the NFL.
I think that's right.

But there's are 25M people in SoCal (Santa Barbara to the border) and only 3M of them are in SD County. The Chargers do advertise for season and single game tickets in LA print and broadcast media, so there is something to lose. The OC market in particular might be at risk.

But it's probably not a huge loss, more like a dilution of the interest from some fans.
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Old July 13th, 2013, 08:22 PM   #165
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If the San Diego Chargers ever build their brand-new stadium, then I hope the San Diego State University Aztecs Football team occupy the Chargers' new stadium (until they manage to get a new stadium of their own built), essentially leaving the old and tired Jack Murphy Stadium to be torn down for redevelopment.
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Old September 7th, 2013, 12:11 AM   #166
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Chargers Take Action in New Stadium Development

The San Diego Chargers presented a joint-use stadium-convention center plan for the East Village in downtown San Diego to the California Coastal Commission.


The Chargers stirred up the local political scene today by presenting a joint-use stadium-convention center plan for the East Village in downtown San Diego to the California Coastal Commission. The Chargers plan is an alternative to San Diego’s current convention center expansion plan that may be considered by the Coastal Commission later this year.

The Chargers also announced that a major international investment firm – Colony Capital LLC – was partnering with the team to pursue this alternative vision for downtown San Diego, as well as for the Qualcomm and Sports Arena sites.

Chargers.com had the opportunity to ask Chargers Special Counsel Mark Fabiani, the team’s point person on stadium issues, to field questions about this latest development in the team’s decade-long search for a new, Super Bowl-quality stadium.
http://www.chargers.com/news/article...0-f02941f90b24
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Old September 7th, 2013, 12:19 AM   #167
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Colony Capital is some serious financial firepower to partner with.
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Old September 9th, 2013, 04:24 AM   #168
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What percentage of the team are they giving up for this deal?
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Old September 9th, 2013, 06:04 PM   #169
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My initial reaction is that this is one of the classic strategies: if all the small and medium sized proposals don't make financial sense, make it huge and talk louder. AEG is trying this in both Oakland and LA, and KC and other cities have seen similar proposals.

Hard to comment until you have more details on Colony's role, but in general, two winners feed off of each other; two losers cannibalize each other. So try to make sure that each proposal makes sense independent of the other.
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Old September 10th, 2013, 04:43 AM   #170
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KC and other cities have seen similar proposals.
KC? When was a similar proposal made in KC?
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Old September 10th, 2013, 03:39 PM   #171
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SAN DIEGO — A new stadium for the Chargers would cost about $1.2 billion if built as a stand-alone facility, but the city could save money by combining the project with the San Diego Convention Center expansion, a team official said Monday.

Previous cost estimates for a stadium, which would be built near Petco Park, were around $800 million.

“Well, time passes and the economy recovers and prices go up for things,” Mark Fabiani, the Chargers point man on stadium issues, said in an interview on the KPBS radio “Midday” program. “When it was $800 million, the economy was in the doldrums and thank goodness that’s changing but that also means things get more expensive.”

Southern California’s lone NFL team has been searching for a new stadium site for about a decade, and last week filed with the California Coastal Commission a proposal for a joint-use facility with an expanded convention center.

Fabiani said in the radio interview that if the stadium and convention center expansion are constructed separately, the price tag would be around $1.6 billion. The figure would lower by $1.2 billion under the Chargers proposal to build them together, he said.

The team’s proposal to the Coastal Commission would scale back the convention center expansion, but provide additional meeting space at a new stadium, which would include a retractable roof.

The plan to expand the convention center has been several years in the making, and it is scheduled to go before the Coastal Commission — it’s final regulatory hurdle — on Oct. 9.

Supporters of the current $520 million convention center expansion plan say the major selling point for the current $520 million expansion plan is it would give the center more floor space under one roof than any other such facility on the West Coast — which would attract the largest trade shows to San Diego.

San Diego’s interim mayor, Todd Gloria, also appeared on the program. He said by comparison, the Chargers proposed stadium is several blocks away from the convention center.

Gloria also questioned how attractive a new Chargers stadium would be for major events, because bookings at Petco Park outside of baseball season are slim. He did promise to turn his attention to the Chargers’ stadium issue once work begins on the convention center.

The financing method for construction of a bigger convention center, which is being challenged by lawsuits, would use a surcharge placed on room rates at local hotels. Gloria said that money could not be shifted to the construction of a stadium.

Fabiani, however, said resources for the projects, while substantial, were also finite.

“We have a lot of money from the Chargers and the NFL, we have a development partner, and if we could get access to the hotel tax money and put it all in one big pot, we could build both facilities together,” Fabiani said.

“But if you take all the hotel tax money and put it in a convention center expansion — which by the way won’t get started for years to come because the legal wrangling will go on and on and on — but if you take that money and put it aside there’s just not enough left to build a second facility, it’s just not there,” he said.

Gloria said he’s confident in the city’s legal position on financing convention center construction, and that it has already won initial court victories.
http://fox5sandiego.com/2013/09/09/c...would-cost-1b/
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Old September 10th, 2013, 05:27 PM   #172
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KC? When was a similar proposal made in KC?
I could be wrong, but about 10 years ago AEG made a proposal to KC to build an indoor arena and suggested that it would double for conventions, concerts, and act as the center of a whole new entertainment zone in KC. The arena was built and is still more or less empty, I believe.
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Old September 10th, 2013, 05:36 PM   #173
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This sounds like a similar stadium/convention center proposal in Buffalo. That one would cost $1.4 billion. SD is ready to move ahead on the convention center expansion. I don't think a new stadium is that far along.
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Old September 10th, 2013, 05:50 PM   #174
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Don't want to troll here. SD should build whatever their taxpayers think is appropriate. But a couple of comments.

In theory multi-use sounds good. But it is similar to the arguments for multi-purpose stadiums from 20-30 years ago: save money by building one facility. The problems were that the stadium ended up not very good for either; when changes were needed, it usually helped one side but hurt the other; and operationally they bump into each other's "off-season" as a good time to make repairs or improvements.

All things being equal, I would stick to football and whatever other concerts or sporting events you can come up with.

Btw, I heard that SD wants to be on the "every 5 years" Super Bowl rotation. On various sites I have seen the fans or management of the following claim they will be on the cycle with a new stadium: LA, SF (Santa Clara), Oakland, SD, Phoenix, New Orleans, Miami, Tampa Bay, Dallas, Minnesota, Houston and NY. And, of course, the one-offs from time to time. There may be others as well.

Edit: Purely by accident, I ran into a comment that Boston, Denver and Philadelphia will be looking at getting Super Bowls if the NY one goes well.

Last edited by pesto; September 10th, 2013 at 06:09 PM.
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Old September 10th, 2013, 06:32 PM   #175
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I could be wrong, but about 10 years ago AEG made a proposal to KC to build an indoor arena and suggested that it would double for conventions, concerts, and act as the center of a whole new entertainment zone in KC. The arena was built and is still more or less empty, I believe.
Sprint Center in KC (AEG operates the building) has been an enormous success even w/o an NBA or NHL team.

http://whatsupkansascity.blogspot.co...-sprint_8.html

http://www.sprintcenter.com/news/det...arena-for-2012
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Old September 11th, 2013, 06:22 PM   #176
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Sprint Center in KC (AEG operates the building) has been an enormous success even w/o an NBA or NHL team.

http://whatsupkansascity.blogspot.co...-sprint_8.html

http://www.sprintcenter.com/news/det...arena-for-2012
Glad to hear it, but seems a bit off point since I was saying that the sports uses tend to conflict with the convention or other uses. Having no sports teams should minimize the conflicts.

In any event, I'm not sure SD would be happy if they had no football team in the new stadium/convention center they paid for.
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Old September 14th, 2013, 04:48 AM   #177
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Sprint Center in KC (AEG operates the building) has been an enormous success even w/o an NBA or NHL team.
It has really helped the Power and Light District right next door too
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Old September 16th, 2013, 05:28 PM   #178
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Interesting. KC turns out to have a stand-alone winner even without a team showing up. Not sure what this says about multi-purpose arenas (or AEG's thought processes), but it sure doesn't say to build one because of a sports team. Presumably it would have done even better if designed without a sports team in mind.
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Old September 16th, 2013, 09:25 PM   #179
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Something to think about.

http://thinkprogress.org/sports/2013...-buy-stadiums/
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Old September 16th, 2013, 10:07 PM   #180
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It's been discussed. Just because they are worth two billion or whatever doesn't mean they have that much cash lying around. In Blank's case, roughly one billion of his $1.7 billion net worth is the Falcons team itself. A similar deal is with the Spanos family, owners of the Chargers. Together they are collectively worth over a billion, but more than 80% of that is the value of the team.
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