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Last-minute deal may speed downtown Chargers stadium

Discussion in 'Chargers Fan Forum' started by Johnny Lightning, Oct 8, 2010.

  1. Johnny Lightning

    Johnny Lightning Go Bolts

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    [​IMG]

    Redevelopment cap's lifting clears way

    By Matthew T. Hall and Roger Showley
    Friday, October 8, 2010 at 10:41 a.m.


    A potential downtown Chargers stadium may be closer to reality as a result of last-minute legislation passed Friday morning as part of the new state budget.
    The bill sponsored by Assemblyman Nathan Fletcher, R-San Diego, eliminates the present $2.9 billion cap on redevelopment plan adopted in 1992, theoretically making it possible for the city to build a new stadium east of Petco Park, estimated to cost at least $800 million, hundreds of millions of dollars of which could come from public spending.
    If Gov. Arnold Schwarzenegger signs the measure, San Diego city officials could sidestep an 18-month vetting process for lifting the cap that it had already embarked upon. That was to include a $500,000 study, now under way, examining whether downtown was blighted.
    In a statement, Fletcher wrote, "While the City could seek to amend the cap ..., such an action would cost the City at over $500,000 in consultant fees, lead to a tremendous amount of legal uncertainty and delay the raising of the cap by at least a year."
    His statement added that the measure would create jobs and increase investment in San Diego but noted nothing about the stadium's prospects getting a boost. There is nothing in the legislation specifically referring to the Chargers project or any other planned downtown.
    Fellow Assemblyman Chuck DeVore , R-Irvine, took a different tack on his Twitter feed late Thursday night, writing, "SB 863, a last-minute budget bill allowing scandal-plagued Centre City Redev. in San Diego to use public money for NFL." He was apparently referring to former CCDC President Nancy Graham, who has since been fined for violating state disclosure laws.
    The voiceofsandiego.com web site quotes other politicians, including Assemblywoman Lori Saldana, D-San Diego, as opposing the bill, whch she characterized as a "sweetheart deal."
    A Fletcher spokeswoman said he was en route to San Diego from Sacramento and not available for immediate comment. A spokesman for Sanders did not return a message. Attorney Mark Fabiani, who has been handling the stadium for the Chargers, also was not immediately available to comment on how the legislation might speed up the development.
    To lift the cap and spend larger amounts of redevelopment money without the legislative change, the Centre City Development Corp . (CCDC) would have needed approval from the City Council, the state Finance Department and the Housing and Community Development Department, and four government entities that have tax-sharing agreements with the CCDC.
    Meetings with representatives from that quartet — the county, the San Diego County Office of Education, the San Diego Unified School District and the San Diego Community College District — had started to persuade them to accept smaller shares of downtown property tax revenue on the belief that the stadium would lead to a construction boom and generate more property taxes downtown.
    County supervisors Dianne Jacob and Ron Roberts, who began meeting with the mayor months ago to discuss the issue, were not immediately available for comment. A spokeswoman for Jacob said her office was working on a statement. A spokesman for Roberts did not return a message.
    However, CCDC already has sharing agreements with the agencies that are due to double the money they are to receive to approximately 30 percent of the agency's income in several years, spokesman Derek Danziger said.
    Questions remain as to how much cash the Centre City Development Corp., which oversees the 1,200-acre downtown redevelopment zone for the city, will have available to fund such a big project.
    Danziger said CCD has only $386 million in unobligated funds for all of its downtown plan and the stadium is not yet part of its to-do list. Those other projects include the $228 million North Embarcadero Visionary Plan on the western waterfront, of which $28 million in the first phase is already in the works and $100 million for new downtown parks.
    The downtown community plan calls out up to $2 billion in additional projects, not including the stadium or other items, such as a downtown opera house, aquarium, sports arena and other big-ticket items that have been talked about for years.
    Revelopment projects depend on new development to generate new property taxes, and there is little in the works for more hotels, office buildings and condo towers due to the recession and unavailability of construction loans.
    "Irrespective of the cap," Danziger said, "you need development to occur. "You could lift the cap to $100 billion and it's sort of a moot cap. It's more an administrative action than money to build stuff."

    Roger Showley, (619) 293-1286, roger.showley@uniontrib.com, Twitter: @rmshowley
     
  2. BoltsFanUK

    BoltsFanUK Well-Known Member

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    stupid Democrat lol- Just give the Chargers the chance to build a new freaking stadium already!
     
  3. Ride The Lightning

    Ride The Lightning Join the Dark Side, we have cookies.

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    I have a big problem with this word in this sentence. I don't want to see anyone "give" the Chargers anything.
     
  4. mainstayjames

    mainstayjames BoltTalker

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    Some people need to lighten up.
     
  5. Ride The Lightning

    Ride The Lightning Join the Dark Side, we have cookies.

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    Lighten up about what exactly?

    I don't think anyone should just give the Chargers a new stadium. They can pay for it just fine, why should the taxpayers foot the bill for it?
     
  6. mainstayjames

    mainstayjames BoltTalker

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    I don't think he meant "give" literally. And I agree with you that they can foot the bill for a new stadium.
     
  7. Ride The Lightning

    Ride The Lightning Join the Dark Side, we have cookies.

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    Nor do I, but that IS what alot of people think the city should do. Just sayin'...
     

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