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#Post#: 85--------------------------------------------------
Chargers to get NEW Stadium
DIR By: PWTRPWR
Date: May 18, 2015, 8:58 pm
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San Diego announces stadium financing plan amid Spanos ownership
shift
By Frank Schwab
4 hours ago
Shutdown Corner

Task force members holding line in Chargers stadium tussle .
View photo
Qualcomm Stadium (AP)
There's a lot of uncertainty surrounding the San Diego Chargers,
but a couple of news items on Monday might start to clear some
of it up.
San Diego announced a financing plan for a new $1.1 billion
stadium for the Chargers on the same day that longtime owner
Dean Spanos shifted day-to-day operations of the team to his
sons John and AG. According to ESPN.com, Dean Spanos will remain
chairman of the board of directors and oversee efforts to get a
new stadium ... wherever that ends up being.
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San Diego wants to keep the Chargers, with the threat of Los
Angeles getting a team cropping up again. The $1.1 billion
stadium would be paid for, under the plan released by Mayor
Kevin Faulconer's task force, by the team, the NFL, taxpayers
(of course), and fans who attend games according to the San
Diego Union-Tribune.
The plan, according to the Union-Tribune, would include $200
million from the NFL, $300 million from the Chargers, another
$300 million in rent payments from the Chargers at $10 million
per year over 30 years, and $120 million each from city and
county taxpayers. Taxes would not increase, the Union-Tribune
reported, because the money would come from each agency's
general fund over a 30-year period. Another $111 million would
be generated by parking and ticket surcharges and $120 million
would be raised from personal seat licenses. There would be rent
increases for San Diego State football, the Holiday Bowl and
Poinsettia Bowl too.
The plan became more urgent with another juke toward Los
Angeles, a bluff the NFL has successfully run for 21 yearsto get
taxpayers to pay for new stadiums.. The shift in Chargers
ownership responsibilities doesn't seem to change much for the
team when it comes to the stadium issue, or anything else
really. Michael Gehlken of the Union-Tribune said that John and
AG Spanos, who are 35 and 36 years old respectively, have been
effectively running the team for a while. John will be president
of football operations and AG will be president of business
operations, ESPN.com said. Dean Spanos will still work on the
stadium issue, which is the biggest question the Chargers face
in the near future.
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