San Diego City Council to Get Charger Update
The San Diego City Council will be updated today in closed session about the progress of the city’s stadium negotiations with the Chargers.
The negotiation team, appointed by the council, will seek direction on an offer by the Chargers to pay for a $400-million stadium on a portion of the existing 166-acre Qualcomm Stadium site in exchange for development rights on the rest of the land.
The Chargers have proposed building a residential and retail complex on part of the site, making it a sort of urban village in Mission Valley, that would help them pay for the stadium and provide the city with additional tax revenue.
After triggering the escape clause in their current lease in March, the Chargers entered into a 90-day negotiating period with the city for a new lease.
The sides agreed to extend that period by 90 days and now are in the middle of that.
City and Charger officials declined to comment on today’s closed council session.
