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

Lynch Says Stadium Won't Cost City a Dime

John Lynch, chief executive officer of the Union-Tribune, addressed the Harvard Business School Club of San Diego Sept. 12. Whether the speech raised eyebrows among the Harvard crowd is not known. But a very reliable ex-U-T reporter heard a recording of Lynch's speech, and reported it today (Sept. 17) on the 919 Gang report, an online newspaper for more than 500 former and current U-T newsroom staffers. Some eyebrows shot up.

For one thing, Lynch asserted that a new downtown stadium for the Chargers "is not going to cost the City one dime." The National Football League will put in $500 million, claimed Lynch. But the NFL has not been putting that kind of money behind new stadiums. And most significantly, the NFL program is a LOAN arrangement. The money has to be paid back. Second, Lynch claimed that a joint powers authority will put in $200 million. Joint powers authority arrangements are between various governments. There has been talk of the County joining the City in the massive subsidy required for this stadium. "Public money is public money is public money, no matter what it is called," comments Bruce Henderson, former councilmember. And in the end, San Diego taxpayers will pick up the tab for a big part of any proposed stadium. If a San Diego subsidized stadium goes through, taxpayers will pick up at least two-thirds of the cost. That's what teams are extracting from other metro areas.

Lynch said "Deano [Spanos] was in my office last week saying, 'I don't want to move, but they're forcing me to move.'" Lynch told the Harvard business grads that he was working with County Supervisor Ron Roberts on a joint powers authority arrangement, and "I told Ron Roberts we would cover his back." (Presumably, watch the U-T's editorial page for this back-covering.)

According to the tape of his speech, Lynch said that U-T ownership has cash and no debt and intends to become a national media company, perhaps by buying a company coming out of bankruptcy. Lynch claimed the U-T's revenues are growing. He wants revenue to move from the current $150 million annually to $250 million. Then, Lynch took more potshots at the port, one of his favorite targets.

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

Previous article

Conservatives cry, “Turnabout is fair gay!”

Will Three See Eight’s Fate?
Next Article

Halloween opera style

Faust is the quintessential example

John Lynch, chief executive officer of the Union-Tribune, addressed the Harvard Business School Club of San Diego Sept. 12. Whether the speech raised eyebrows among the Harvard crowd is not known. But a very reliable ex-U-T reporter heard a recording of Lynch's speech, and reported it today (Sept. 17) on the 919 Gang report, an online newspaper for more than 500 former and current U-T newsroom staffers. Some eyebrows shot up.

For one thing, Lynch asserted that a new downtown stadium for the Chargers "is not going to cost the City one dime." The National Football League will put in $500 million, claimed Lynch. But the NFL has not been putting that kind of money behind new stadiums. And most significantly, the NFL program is a LOAN arrangement. The money has to be paid back. Second, Lynch claimed that a joint powers authority will put in $200 million. Joint powers authority arrangements are between various governments. There has been talk of the County joining the City in the massive subsidy required for this stadium. "Public money is public money is public money, no matter what it is called," comments Bruce Henderson, former councilmember. And in the end, San Diego taxpayers will pick up the tab for a big part of any proposed stadium. If a San Diego subsidized stadium goes through, taxpayers will pick up at least two-thirds of the cost. That's what teams are extracting from other metro areas.

Lynch said "Deano [Spanos] was in my office last week saying, 'I don't want to move, but they're forcing me to move.'" Lynch told the Harvard business grads that he was working with County Supervisor Ron Roberts on a joint powers authority arrangement, and "I told Ron Roberts we would cover his back." (Presumably, watch the U-T's editorial page for this back-covering.)

According to the tape of his speech, Lynch said that U-T ownership has cash and no debt and intends to become a national media company, perhaps by buying a company coming out of bankruptcy. Lynch claimed the U-T's revenues are growing. He wants revenue to move from the current $150 million annually to $250 million. Then, Lynch took more potshots at the port, one of his favorite targets.

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

Will Owners Let Chargers Leave Bankrupt City?

Next Article

Hallelujah! NFL Admits Football Has No Economic Impact

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