Post by Logan on Jun 23, 2016 21:58:44 GMT -6
Former City Councilman Carl DeMaio will unveil a plan today to pay for a new $1.5 billion Chargers stadium without a tax increase or a convention center annex.
DeMaio, who ran unsuccessfully for mayor in 2012 and Congress in 2014, said the proposal involves fans and investors, investing in the stadium for $5,000 to $700,000 each.
Instead of a convention center annex, as the Chargers propose in their planned Nov. 8 so-called “convadium” ballot initiative, DeMaio would substitute a 250-room hotel whose rooms would overlook the stadium field, and a 200,000-square-foot retail center with a fitness club, nightclubs, shops, restaurants and other attractions.
In addition to laying out his vision, DeMaio said he will encourage local hoteliers to move immediately for their own ballot initiative to authorize the convention center expansion already approved by the California Coastal Commission, and a separate measure, if necessary, to fund the project.
Read more: www.sandiegouniontribune.com/news/2016/jun/23/demaio-stadium-alternative/
DeMaio, who ran unsuccessfully for mayor in 2012 and Congress in 2014, said the proposal involves fans and investors, investing in the stadium for $5,000 to $700,000 each.
Instead of a convention center annex, as the Chargers propose in their planned Nov. 8 so-called “convadium” ballot initiative, DeMaio would substitute a 250-room hotel whose rooms would overlook the stadium field, and a 200,000-square-foot retail center with a fitness club, nightclubs, shops, restaurants and other attractions.
In addition to laying out his vision, DeMaio said he will encourage local hoteliers to move immediately for their own ballot initiative to authorize the convention center expansion already approved by the California Coastal Commission, and a separate measure, if necessary, to fund the project.
Read more: www.sandiegouniontribune.com/news/2016/jun/23/demaio-stadium-alternative/