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An option: Chargers stay, Qualcomm gets facelift

Many in SF are now questioning how much value this years' SB will really add to the Bay Area vs how much taxpayers have spent. http://abc7news.com/sports/san-francisco-city-lea… As we've discussed here many times, most objective economic analyses show that taxpayer "investment" in football stadia do not yield a positive ROI and the economic value of a SB to a city is much less than NFL P.R. would lead one to believe.
— January 17, 2016 5:59 p.m.

An option: Chargers stay, Qualcomm gets facelift

Honestly given the last deal offered by Mayor Falconer and the task force - assuming that the election passes in June to give the Chargers about $350M corporate welfare - then it would seem to me staying in SD might be a better business option for Spanos. Stay in SD option: $100M consolation prize gift from NFL + $350M gift from taxpayers = $450M directly into Spanos coffers Almost complete control over stadium. No 1 team in a small to medium media market with a large loyal local fanbase Financing challenges that don't sound insurmountable (to me at least) Move to LA option: $550M relocation fee = $550M from Spanos coffers No 2 NFL team in a stadium to an owner that he hates. Maybe No 7 or 8 sports team in LA - but in a huge media market. Zero local fanbase. Definite financing questions. It would seem to me that to even consider LA Spanos would have to be extremely confident that an unpopular team in LA is still worth more than $1B ($550M + $450M + $100M) more than a popular team in SD. I was earlier claiming that the move to LA might boost the value by $1.5B. If that's true than the hypothetical $1.5B increase in value might be enough to cover the relocation fee - SD taxpayer handouts - NFL handout. But others who are wiser and more knowledgeable than me tend to think my estimate is quite high so maybe the increase in value doesn't justify the expenses of moving to LA. At any rate, it doesn't seem to me like it would be a no-brainer for them to move.
— January 16, 2016 3:28 p.m.

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