Posts Tagged ‘San Diego’

New Football Stadiums are gaining ground

Tuesday, October 12th, 2010

Three of the oldest NFL stadiums in the United States, namely Candlestick Park, Qualcomm Stadium and Oakland-Alameda County Coliseum, all found in California, may be closing down their doors soon.

New football stadiums appear to be gaining ground. The City Council of San Diego has reserved $500,000 in order to study their planned redevelopment future for downtown San Diego. This move could make available the necessary funds in order to build a new stadium for the Chargers. This new stadium will stand near Petco Park, at a 10-acre area in the downtown area, bounded by Imperial Avenue, 16th, 14th and K streets. An estimated $800 million will be used for the stadium, and is expected to be finished within the next two years.

According to members of the city council, what was actually approved was the initiation of a study to determine whether downtown San Diego would be suitable place where they can extend their redevelopment plans. This study, according to Phil Roth, is a financial tool for San Diego, which could be used by the state to fund various kinds of projects, including sidewalks, stadiums, and affordable housing. A number of consultants will be called to conduct this study.

Meanwhile, in Santa Clara, $114 million has been set aside in order to build a new multi-million dollar stadium for the San Francisco 49ers. Construction is expected to begin next year, and the stadium is expected to be finished by the year 2014. An estimated $4 million was allegedly spent by the 49ers in support of the aforementioned deal. The deal, however, faces a number of hurdles, specifically with regards to financing.

Bringing the two teams together has been encouraged by the NFL; however, the teams themselves are not too eager about the idea. Oakland executives have already announced that they prefer to build a stadium of their own on the site of the one they already have.

Still in another part of California, Ed Roski, Jr. has announced his plans to build an $800 million stadium in Los Angeles, as well. He has considered pursuing several popular NFL teams, including the Jaguars, the Bills, the 49ers, the Chargers, the Raiders, and the Vikings. Roski has allegedly hired Ben Porritt, the expert PR consultant and former presidential spokesman, to help him in his quest. Another big name, AEG CEO and president Tim Leiweke, is also considering building an NFL stadium near the Staples Center. This stadium is expected to cost around $1 billion.