Taxpayers Association study finds Chargers' plan would cost city - KUSI News - San Diego, CA

Taxpayers Association study finds Chargers' plan would cost city

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SAN DIEGO (KUSI) — An analysis released Monday by the San Diego County Taxpayers Association concluded that even if the Chargers' plan to finance construction and operations of a downtown stadium and convention center annex were realized, the studio would still be on the hood for $400 million.

The taxpayers group's 36-page analysis of Measure C, which will go before San Diego voters in November, said the plan would produce $744 million in additional revenue over 30 years, less than the public contribution of around $1.1 billion.

The report took into account an increase in the hotel room tax, additional hotel room nights generated by events, revenue from non-football activities and a reduction in the city's expenses to keep up aging Qualcomm Stadium in Mission Valley.

Fred Maas, who is in charge of the stadium effort on behalf of the Chargers, criticized the report, calling it an “inside job” by project opponents “who are leading the effort to send the Chargers to L.A.'' The Chargers and National Football League would contribute the rest of the stadium cost projected at $1.8 billion.

Taxpayers Association President Haney Hong said the analysis “is more than fair, and in fact gives the Chargers the benefit of the doubt.'' He noted that team officials refused to meet with the group.

“We took their publicly shared assumptions on additional hotel room nights and presumed, as they have in the past, that 25 percent of the team's fan base comes from outside San Diego,” Hong said.

“We made optimistic assumptions that any additional seat in the new stadium would be filled by someone from out of town, every pre-season and home game, and doubled the likely revenue the city would get from other uses of the stadium,” he said. “We still ended up with a shortfall of more than $400 from the hotel tax increase the Chargers are proposing.”

Hong said the remaining debt would have to be paid from the city's general fund, which pays for basic services like public safety, libraries and recreation centers.

The Chargers have been pushing for a new stadium for 15 years and, in concert with the Oakland Raiders, put together a plan to build a facility in Carson, in Los Angeles County.

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