Group behind SoccerCity reacts to appraisal of Qualcomm Stadium land
SAN DIEGO (KUSI) — The people behind the SoccerCity initiative were responding Monday to a new assessment of how much Qualcomm Stadium is worth.
The city hired an independent appraiser who said the site is valued at $110 million, far higher than previous assessments.
The backers of SoccerCity, led by FS Investors of La Jolla, want to build a smaller stadium for soccer and football, along with a park along the river, housing, offices and commercial space. They’ve also applied for a Major League Soccer expansion franchise.
With all sides preferring a public vote, the council is scheduled to decide June 19 whether the project will go on a potentially revived special election ballot this fall or be delayed until November 2018 — the next regularly scheduled general election.

The group is holding public informational meetings on the following dates:
June 5, 6 p.m. – 7:30 p.m.
Town and Country Resort
500 Hotel Circle, North / San Diego, CA 92108
(validated parking off of Fashion Valley Road)
June 6, 6 p.m. – 7:30 p.m.
Jacobs Center for Neighborhood Innovation
404 Euclid Ave.,
San Diego, CA 92114
June 8, 6 p.m. – 7:30 p.m.
Caesar Chavez Continuing Education Center
1901 Main St.,
San Diego, CA 92113
June 12, 6:00 p.m. – 7:30 p.m.
Carmel Mountain Ranch / Sabre Springs Recreation Center
10152 Rancho Carmel Dr.,
San Diego, CA 92128
June 13, 6 p.m. – 7:30 p.m.
University City Library
4155 Governor Dr.,
San Diego, CA 92122