Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Los Angeles to Fast-Track Downtown Stadium

According to stories in the Los Angeles Times and Orange County Register, Los Angeles city council wants to accelerate the downtown football stadium football stadium proposed by Anschutz Entertainment Group (AEG). The company keeps saying that the deal will be privately financed, but is asking for city approval of $350 million in bonds to demolish the Los Angeles Convention Center's West Hall and build a new structure connecting the existing South Hall to the new stadium. LA's sudden push is particularly important to San Diego, because the bonds, along with $48 million in existing bonds, would be backed by stadium ticket taxes. That means there would have to be a team or teams playing immediately and, probably, the team would have to be identified quickly for the bonds to be sold. The Chargers, Minnesota Vikings, Jacksonville Jaguars and St. Louis Rams are considered possibilities to move to Los Angeles. "There are one or two teams ready to move....At least one team will come," said AEG President Tim Leiweke. I, for one, have always believed that the Chargers would prefer to move to L.A., but are still wooing San Diego as a backup if the National Football League owners for some reason nix the move. The Chargers have said they will play 2011 (if there is a season) in San Diego, but the team won't make any commitments beyond that.

The Chargers have just said they will lower some ticket prices for 2011. One possibility is that with L.A. hurrying up, an announcement about the move will have to be made this year, thus turning off potential ticket buyers.

L.A. may be fast-tracking the project because Gov. Jerry Brown wants to get rid of redevelopment agencies. Despite all the talk about private financing, it certainly appears that local government will be picking up infrastructure costs, even beyond the $350 million bonds. Majestic Realty, which wants to build a stadium in City of Industry, immediately denounced the downtown AEG deal for that reason, saying it would be saddling the city and taxpayers with expenses.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

More on San Diego inventions – Spike Bite and disappearing ink

The scandal of county supervisors at the library

According to stories in the Los Angeles Times and Orange County Register, Los Angeles city council wants to accelerate the downtown football stadium football stadium proposed by Anschutz Entertainment Group (AEG). The company keeps saying that the deal will be privately financed, but is asking for city approval of $350 million in bonds to demolish the Los Angeles Convention Center's West Hall and build a new structure connecting the existing South Hall to the new stadium. LA's sudden push is particularly important to San Diego, because the bonds, along with $48 million in existing bonds, would be backed by stadium ticket taxes. That means there would have to be a team or teams playing immediately and, probably, the team would have to be identified quickly for the bonds to be sold. The Chargers, Minnesota Vikings, Jacksonville Jaguars and St. Louis Rams are considered possibilities to move to Los Angeles. "There are one or two teams ready to move....At least one team will come," said AEG President Tim Leiweke. I, for one, have always believed that the Chargers would prefer to move to L.A., but are still wooing San Diego as a backup if the National Football League owners for some reason nix the move. The Chargers have said they will play 2011 (if there is a season) in San Diego, but the team won't make any commitments beyond that.

The Chargers have just said they will lower some ticket prices for 2011. One possibility is that with L.A. hurrying up, an announcement about the move will have to be made this year, thus turning off potential ticket buyers.

L.A. may be fast-tracking the project because Gov. Jerry Brown wants to get rid of redevelopment agencies. Despite all the talk about private financing, it certainly appears that local government will be picking up infrastructure costs, even beyond the $350 million bonds. Majestic Realty, which wants to build a stadium in City of Industry, immediately denounced the downtown AEG deal for that reason, saying it would be saddling the city and taxpayers with expenses.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

If Anschutz Buys 35% of Chargers, Say Bye-Bye

Next Article

AEG pulls out of L.A. stadium negotiations

Chargers may have shot at Inglewood location — if team has money
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader