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  #7781  
Old 03-22-2012, 06:23 PM
Slinger61
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Originally Posted by sscottyg View Post
Plus the regional small airports dont add any revenue to the county or city. No frieght or commercial flights.
The Chargers don't add any net revenue to the county or city.
  #7782  
Old 03-22-2012, 06:35 PM
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Originally Posted by RRizGod View Post
there is way more coporate money in that area. No way San Diego can find the club seat, suite, and sponsorship revenue that SF will have.
Definitely, The 49ers are projecting $400 million to $500 million from PSL sales alone. A Chargers stadium would require at least $200 million from psl's under Fabiani's plan.

Would Chargers season ticket holders pay an average of $4000 for a psl for 50,000 seats?
  #7783  
Old 03-23-2012, 09:55 AM
charger1_sj charger1_sj is offline
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Originally Posted by Slinger61 View Post
Definitely, The 49ers are projecting $400 million to $500 million from PSL sales alone. A Chargers stadium would require at least $200 million from psl's under Fabiani's plan.

Would Chargers season ticket holders pay an average of $4000 for a psl for 50,000 seats?
That's an argument for the Chargers moving to LA.

Let me ask you this question. What is the city going to do with the Q site? Right now even with the Charger there it's costing the city money.
Any sort of development on that site is going to cost a lot of $$$. The site needs to be cleaned up and the stadium demolished. The Chargers would have done that and more. What will the city do?
  #7784  
Old 03-23-2012, 10:35 AM
Slinger61
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Any sort of development on that site is going to cost a lot of $$$. The site needs to be cleaned up and the stadium demolished. The Chargers would have done that and more. What will the city do?
The land as-is is worth more than the stadium's debt.

The buyer can deal with the development and environmental costs.

I want to know what options the city has in ending the Chargers lease. Force them to pay rent that covers the costs of the existing site or evict them. They can build a new stadium with their own money if they want or leave town.

It's stupid to continually throw good money after bad. The Chargers leaving wont be the end of the world.
  #7785  
Old 03-23-2012, 01:09 PM
charger1_sj charger1_sj is offline
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Originally Posted by Slinger61 View Post
The land as-is is worth more than the stadium's debt.

The buyer can deal with the development and environmental costs.

I want to know what options the city has in ending the Chargers lease. Force them to pay rent that covers the costs of the existing site or evict them. They can build a new stadium with their own money if they want or leave town.

It's stupid to continually throw good money after bad. The Chargers leaving wont be the end of the world.
Nobody is going to buy that land if they have to spend millions in cleaning it up and demolishing a stadium. Why would they? They can go somewhere else. Your not making sense. This economic enviroment will have to change before this happens. Good luck.

The Chargers can get out of the lease because there is a buyout clause. The amount gets smaller as each year passes by. In the mean time the city is losing money. If they leave it gets worse.

One proposal has the site turning into a public park. Whose going to pay for that?

Chargers will not build a stadium with 100% of their own money. If SD wants them to stay they will need help. That's just the way it is.
There will be a city that will help them whether that's SD or not will be determined.
  #7786  
Old 03-23-2012, 04:04 PM
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Originally Posted by Slinger61 View Post
The land as-is is worth more than the stadium's debt.

The buyer can deal with the development and environmental costs.

I want to know what options the city has in ending the Chargers lease. Force them to pay rent that covers the costs of the existing site or evict them. They can build a new stadium with their own money if they want or leave town.

It's stupid to continually throw good money after bad. The Chargers leaving wont be the end of the world.

The "Buyer"??? What buyer? There is no buyer? That's ridiculous and irrelevant isn't it, since there is no buyer. The City was dumb not to give the Chargers the land. Unfortunately, those councilmembers at that time were more worried about fraudulent activities amongst themselves.

You have to spend money to make money.
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  #7787  
Old 03-23-2012, 09:26 PM
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Originally Posted by charger1_sj View Post
Nobody is going to buy that land if they have to spend millions in cleaning it up and demolishing a stadium. Why would they? They can go somewhere else. Your not making sense. This economic enviroment will have to change before this happens. Good luck.

The Chargers can get out of the lease because there is a buyout clause. The amount gets smaller as each year passes by. In the mean time the city is losing money. If they leave it gets worse.

One proposal has the site turning into a public park. Whose going to pay for that?

Chargers will not build a stadium with 100% of their own money. If SD wants them to stay they will need help. That's just the way it is.
There will be a city that will help them whether that's SD or not will be determined.
The idea that nobody will buy the qualcomm site is just ridiculous. Please don't let your fandom blind all logic.

First off, the Chargers leaving would be the absolutely best thing for San Diego from a strictly financial perspective, under all current proposed scenarios. That is basic if you can remove emotion from the decision. That's not what I want but I, and I'm willing to bet most in San Diego are against welfare for billionaires.

Fabaini was telling us how we could sell the Qualcomm land for $200 million as-is to contribute to a new stadium. Were the Chargers lying to us? say it ain't so.

There still is the lawsuit against the fuel site and there is no need to sell the property at the bottom of the market. Leaving the land empty as is would save the city money over having the Chargers there under their current lease terms.

No more free ride, if they don't like it they are free to leave. A city vote for taxpayer money will fail and i'm willing to bet that most Chargers fans on here wont put their money where their mouth is when the PSL reaper wants their money.

The only portion I've heard of as a park is the ~ 30 arcres south of the trolly on the river. No problem.
  #7788  
Old 03-23-2012, 09:41 PM
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The "Buyer"??? What buyer? There is no buyer? That's ridiculous and irrelevant isn't it, since there is no buyer. The City was dumb not to give the Chargers the land. Unfortunately, those councilmembers at that time were more worried about fraudulent activities amongst themselves.

You have to spend money to make money.
No offense, but you clearly don't have a financial background. There is no money to be made for the city, only for the Spanoses. Where's the link to the city testing the market for this property? You made that up correct?

The proper idiom for this situation is "don't throw good money after bad".

You don't throw away $100s of millions because you are losing $10s of millions.

The Krafts paid for their own stadium and won super bowls but the Spanos family wont do either.
  #7789  
Old 03-23-2012, 10:26 PM
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No offense, but you clearly don't have a financial background. There is no money to be made for the city, only for the Spanoses. Where's the link to the city testing the market for this property? You made that up correct?

The proper idiom for this situation is "don't throw good money after bad".

You don't throw away $100s of millions because you are losing $10s of millions.

The Krafts paid for their own stadium and won super bowls but the Spanos family wont do either.
Since your financial background is so great, can you explain to me how the Qualcomm site is worth "$100s of millions"?
  #7790  
Old 03-24-2012, 07:34 AM
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NoVA619 NoVA619 is offline
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Originally Posted by Slinger61 View Post
The land as-is is worth more than the stadium's debt.

The buyer can deal with the development and environmental costs.

I want to know what options the city has in ending the Chargers lease. Force them to pay rent that covers the costs of the existing site or evict them. They can build a new stadium with their own money if they want or leave town.

It's stupid to continually throw good money after bad. The Chargers leaving wont be the end of the world.
Your "line in the sand" stance is quite evident, so, when you evict/boot the Chargers, what happens next? I guess the city takes conservator-ship of the site, and opens to bid, what's the timeframe to bring any revenue back to the city? Are you content if the site remains "unclaimed" for a decade?

Also, what's the money loss when the Chargers leave? Has that been factored? Can you identify another business salivating to take over the Murph that can sustain that area?

If no one bids on it, or the new owner doesn't "work" with the scheme of the taxpayers, what happens with the property then? Start all over?

Work on a deal with the Chargers, downsize the number of seats if need be, get the construction jobs to the city, obtain naming rights and vendors for the season, sell the box seats, and keep the team there. A few Superbowls, CONACAF Cups, World Cup, and other outdoor events would help maintain the revenue off-season. Is it that hard to see?

Like it or not, SD needs the business.
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