“We will help the Chargers pay 65% of their new $1 billion stadium” the NFL offers


San Diego Chargers
San Diego Chargers

The National Football League has offered to collaborate with the San Diego Chargers in the paying of $650 million out of the around $1 billion the football franchise needs to build their new stadium, with the rest of the cash being provided by a hotel tax.

The Chargers want to remain in San Diego, and are willing to go out of their way to ensure that they do. The fact that the NFL is willing to help makes the deal even sweeter for the team.

According to the terms of the proposed deal involving the NFL, the Chargers are going to sign a lease of a minimum of 30 years that will see them keep game-day revenue, as San Diego also gets revenues collected from other events that will be held at the new stadium.

Going by the standards of new football stadiums in the U.S., this proposal is a fairly good deal for everybody involved, including the community. Typically, it is the taxpayers who normally shoulder most of the burden when a new stadium is being built. The out-of-town visitors who will be stomaching the tax hike by staying in hotels (i.e. the taxpayers in this case) are only going to pay around a third of the total costs involved.

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