‘This financing plan is an important milestone and creates the framework needed to begin negotiations’
SAN DIEGO (May 18, 2015) - Mayor Kevin Faulconer’s Citizens' Stadium Advisory Group (CSAG) released its “Site Selection and Financing Plan for New Multi-Use Stadium in San Diego” today. It lays out a clear and workable path to a new multi-use stadium that is fair for everyone, including taxpayers.
CSAG concluded a new multi-use stadium in Mission Valley is the most viable option, and would cost approximately $1.1 billion, excluding land. To pay for the facility, CSAG outlines revenue streams that exceed $1.4 billion without increasing taxes. Download the full report.
12 Steps San Diego Has Taken Toward Building a New Stadium Since Mayor Faulconer's State of the City Address 12 Weeks Ago
“We still have more work to do, but San Diego clearly has made more progress in the last 12 weeks than it did during the last 12 years,” CSAG’s Day said. “You can bet it’s something I’m going to point out when we meet with the NFL next week.”
Fabiani has to convince 24 of 32 NFL owners that a deal can't get done in San Diego
SAN DIEGO (March 23, 2015)---Some members of the media have contacted CSAG requesting comment about the Chargers' plans to announce to NFL owners -- at the league meetings now underway in Arizona -- that it has figured out what CSAG is going to include in its financing plan. That plan won't be released until the end of May, so anyone suggesting they know what it is going to include is mistaken. That said, CSAG has been clear that the financing plan it forwards to Mayor Kevin Faulconer for his consideration will include a number of different revenue streams from multiple sources. See below for more info.
After analyzing the Mission Valley site, which houses Qualcomm Stadium and covers 166 acres the City owns, and the Downtown site, which the City would have to piece together through several land purchases, the Citizens’ Stadium Advisory Group (CSAG) has selected the Mission Valley location.
Each site has its pros and cons, but for several reasons (outlined below) the Mission Valley location is the best choice for the creation of a multi-use stadium and a fair and workable financing plan, which the committee expects to present to Mayor Kevin Faulconer by the end of May. The Mayor assembled the Advisory Group six weeks ago and asked the group to resolve two issues: Select either the Mission Valley site or the Downtown site, and develop a financing plan for public consideration.
Savings, developable land, and transportation options listed among committee’s reasons for selecting Mission Valley over Downtown
SAN DIEGO (March 12, 2015)---The Citizens’ Stadium Advisory Group (CSAG) announced today that the Mission Valley site is the best choice for a new multi-use stadium. San Diego Mayor Kevin Faulconer had asked the committee to choose between the Downtown site and the Mission Valley site, which is where Qualcomm Stadium is located. The committee listed 8 reasons why it selected the Mission Valley site, and it announced its decision this morning at a news conference at Qualcomm Stadium.