| Chargers Seeking Public Money To Build A New Stadium | Posted By: MediaGuy
12-10-2009
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11:02 PM
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The San Diego Chargers said Thursday they probably need public money to build a new stadium on a downtown site just east of Petco Park. Chargers attorney Mark Fabiani said Thursday that because the downtown site is just bigger than 10 acres, it would accommodate just the stadium and no related development to help pay for the stadium. That would require other sources of funding, in addition to $200 million from the Chargers and a hoped-for $100 million loan from the NFL, Fabiani said. “Nonetheless, we believe it is important for everyone to understand that the downtown site might require some sort of taxpayer subsidy,” Fabiani said.
Source: Yahoo! Sports.com
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