Privately funded Chargers stadium proposal announced by Carl DeM - KUSI News - San Diego, CA

Privately funded Chargers stadium proposal announced by Carl DeMaio-led group

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SAN DIEGO (KUSI) — The Chargers may have another alternative to staying in San Diego. A privately funded stadium plan has been announced by former San Diego City Councilman Carl DeMaio and a group of real estate investors that requires no tax hikes and no public subsidies. The privately owned facility would integrate a new stadium with hotel and retail in the design, along with additional event space.

The plan, which was announced here by DeMaio, could pull from up to 10 different funding sources totaling $1.4-2 billion. The new multi-use facility would be managed by a private operator. Projections include seating for 65,000, a full-service hotel that features luxury boxes and a 200,000 square foot retail space. 

Private ownership of the stadium would be accomplished as outlined in the announcement:

Private developers, the Chargers, and individual fans would all receive ownership shares in the facility based on their initial investment levels. Instead of Personal Seat Licenses, fans can invest in Fan-Lord Ownership Shares in the facility.
 

The private stadium plan released a 41-page document detailing the proposal, which can be read in its entirety below. 

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