JaxBill
Footballguy
From LA Times Sam Farmer
http://www.latimes.com/sports/la-sp-nfl-stadium-20150220-story.html#page=1The San Diego Chargers and Oakland Raiders, rivals on the field, are moving forward together on a plan to build a $1.7-billion NFL stadium in Carson that they will share.
The Chargers and Raiders will continue to seek public subsidies for new stadiums in their home markets, but they are developing a detailed proposal for a privately financed Los Angeles venue in the event they can't get deals done in San Diego and Oakland by the end of this year, according to the teams.
In a statement given to The Times on Thursday, the Chargers and Raiders said: “We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises.”
The teams are working with “Carson2gether,” a group of business and labor leaders. The coalition will announce the project Friday at a news conference near the 168-acre site, a parcel at the southwest quadrant of the intersection of the 405 Freeway and Del Amo Boulevard.
They plan to immediately launch a petition drive for a ballot initiative to get voter approval to build the stadium.
This latest high-stakes move was precipitated by St. Louis Rams owner Stan Kroenke, who announced in December his plan to build an 80,000-seat stadium on the land that used to be Hollywood Park.