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Chargers Stadium Initiative

Chargers Stadium Initiative
Posted on April 4, 2016 by The Anderson Estates

The Chargers are reaching out for signatures for their proposed stadium for San Diego during November’s Elections.

 

“The San Diego Chargers unveiled their plan for a new downtown stadium Wednesday, releasing the 110-page initiative they hope to get on the November ballot.

San Diego voters got their first look at the San Diego Stadium Initiative - the team's proposal for a new stadium on a 12-acre site in the East Village. The parcel of land is located between K Street and Imperial Avenue and between 12th Avenue and 16th Street. The project "requires a private sector contribution of $650,000,000 be provided for the Stadium and that a covenant an d agreement be secured requiring a professional football team leasing the Stadium to agree not to relocate for a period of 30 years."

It would also require $350,000,000 from Transient Occupancy Tax funds.”

The money is to be raised by raising the hotel tax for tourists and visitors. It is noted that there might still be costs for the old stadium clean up that will be the burden of tax payers still.

Here at The Anderson Estates we are PRO Chargers Stadium and hope that everyone is exciting for what the future holds for our dear team. GO CHARGERS! 

Check out our newest listing at 14675 Plein Aire Court that includes several of these amenities today! If you are thinking of buying or selling your home contact The Anderson Estates team at (858) 245-9851. Serving all your Coastal San Diego Real Estate needs!