San Diego offers plan to build $1.1 billion multi-use stadium in Mission Valley

MEIS rendering of proposed stadium in Mission Valley.

MEIS rendering of proposed stadium in Mission Valley.

The Citizen’s Stadium Advisory Group in San Diego, appointed by San Diego Mayor Kevin Faulconer, released its promised plan for a new multi-use stadium in San Diego on Monday.

The plan is intended to offer a path to keeping the San Diego Chargers in town, although the Chargers are currently taking steps toward building a stadium in Carson.

The mayor’s committee reports that a multi-use stadium in Mission Valley is the most viable option — and estimates the cost at $1.1 billion, excluding land. The report also outlines $1.4 million in revenue streams, without increasing taxes.

“We developed a financing plan that would actually succeed in this unique San Diego environment, ensuring that it is fair for the Chargers and other tenants, fair for the City and County, and fair for taxpayers,” CSAG Chairman Adam Day said in a statement. “Our plan is the first of its kind, and it should jump-start negotiations between the Chargers, the City and the County. There now is a fair and workable path to a new stadium in San Diego.”

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