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NFL San Diego committee unveils plans for $1.1 billion stadium Comment By Los Angeles Times MailTribune.com By Los Angeles Times Posted May. 18, 2015 at 8:22 PM Updated May 18, 2015 at 8:23 PM By Los Angeles Times Posted May. 18, 2015 at 8:22 PM Updated May 18, 2015 at 8:23 PM » Social News SAN DIEGO — In hopes of persuading the Chargers to stay in San Diego, a mayoral committee Monday proposed a financial plan for building an approximately $1.1 billion NFL stadium — a plan that includes major public contributions but not a tax increase. The plan would include $300 million from the Chargers, $200 million from the NFL, $173 million in construction bonds, $121 million from the city of San Diego and $121 million from San Diego County. Also, $225 million would come from the sale to a developer of 75 acres at the Mission Valley site, the current home of Qualcomm Stadium. The committee also estimated that more than $100 million could be raised from fans through personal-seat licenses and ticket and parking surcharges. Former Mayor Jerry Sanders, now president of the San Diego Regional Chamber of Commerce, called the plan “a remarkable job” done “under intense pressure and a tight deadline.” “Now it’s time to support our mayor and the county in their negotiations with the Chargers,” Sanders said at a news conference where the plan was unveiled by the Citizens Stadium Advisory Group appointed in January by Mayor Kevin Faulconer. Faulconer and county Supervisor Ron Roberts met recently with Chargers President Dean Spanos to brief him on the outlines of the financial proposal. Spanos is said to have been cordial but noncommittal. One sticking point could be that Chargers feel the team is being asked to contribute far more than other NFL teams have been required to pay when their stadiums were built. The proposal includes asking the Chargers to pay $1 million per game in rent. “We are grateful to the (committee) members who volunteered their time, and we will now ask our stadium development team — including our financing, legal and land use experts — to thoroughly review the results,” said Chargers spokesman Mark Fabiani. Faulconer, in a statement released as the committee unveiled its proposal, said he hopes for negotiations with the Chargers to begin by June 1. If a deal can be struck, he said, negotiations will deal with when the public vote would be scheduled. “Today, San Diego has a framework to build a new stadium that’s tangible, that’s achievable and that won’t raise taxes,” Faulconer said. The intense pressure mentioned by Sanders was provoked by two rival stadium proposals, one in Inglewood, Calif., by the owner of the St. Louis Rams and a plan announced by the Chargers and Oakland Raiders to build a joint-use venue in Carson, Calif. In its narrative of the stadium issue, a headline in the committee report reads: “LA Threat Surfaces.” Officials in Inglewood and Carson, buoyant at the thought of the NFL returning to Los Angeles County after 20 years, have opted not to put the land-use proposals to a vote of the public. In San Diego, however, Faulconer has promised a public vote even though the funding plan does not require it. A tax-funded proposal would require a two-thirds vote for approval, seen as a political impossibility. Putting the issue to a public vote might be the undoing of the plan. NFL Executive Vice President Eric Grubman, in a visit to San Diego last month, warned that waiting to hold a vote until November 2016, the next general election, might mean that the city would be too late to persuade the team to remain. “To wait until the end of next year to get the vote, it seems to me to be very risky,” Grubman said. By Los Angeles Times MailTribune.com By Los Angeles Times Posted May. 18, 2015 at 8:22 PM Updated May 18, 2015 at 8:23 PM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... 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