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Raiders-Chargers to Share Carson CA Stadium? (1 Viewer)

Chargers, Raiders, Rams, Bills, Jags, Vikings... I think every city being blackmailed by the NFL should invite the NFL to move the team LA. LA will go from having no team in the league to an entire division. Maybe a conference. Let's see how that works out for the league.

So tired of the NFL using LA as the anvil for multibillionaire owners to hammer fans for tax dollars and tax breaks to help pay their multimillionaire employees. The game is unwatchable in person anyway because of the five minute commercial breaks. Go support your local highschool team if you want to see a game in person. Tell the nonprofit NFL to go pound sand in LA if they want. The NFL is a made for TV product these days so does it even matter where the games are played?

If these teams are bleeding money because of the stadiums they use eight days out of the year is it safe to assume all these teams are up for sale? Cheap, I would imagine.
Very much this. We haven't attended a pro game in years. Meanwhile my kids are growing up on minor league hockey, minor league baseball and small college football.

Do these teams draw in enough money to the city to make public funding worthwhile?

(Assume your last comment was sarcastic)

 
Last edited by a moderator:
Huge news today.

http://www.ocregiste...and-carson.html

May 19, 2015

SAN FRANCISCO - The Chargers, Raiders and Carson city officials completed a land deal Tuesday morning that will enable a $1.65-billion stadium

to be built next to the 405 Freeway that eliminates another hurdle for the NFL's return to the Los Angeles-Orange County market.

The deed for 157 acres was transferred to the Carson Reclamation Joint Powers Authority Tuesday. Following a model used to develop and finance

Levi's Stadium, the 49ers' new home in Santa Clara, the CRJPA will lease the land to a stadium authority, likely made up of Carson City Council members

who in turn will rent the facility to the NFL teams.

The State Department of Toxic Substances has consented to the land transfer.

The transfer comes just hours before the NFL meetings at the Ritz Carlton Hotel in which the Los Angeles situation will be a primary topic.

NFL senior Vice President Eric Grubman will brief the league and its owners ON both developments in Carson and Rams owner

Stan Kroenke's plans to build a $1.86-million stadium at Hollywood Park as well as new stadium efforts in St. Louis, San Diego and Oakland.

These are the first NFL meetings since the Chargers and Raiders hired former 49ers executive Carmen Policy to direct their Los Angeles efforts.

Tuesday's land transfer now enables the city to turn over the development and eventual operation of the Carson stadium to a stadium authority.

Carson officials earlier this month secured $1.7-billion in financing from Goldman Sachs, which also financed Levi's Stadium.

The NFL would provide $400 million from a special new stadium fund.

“The Santa Clara model is a proven financing structure that the team and the city can use to make this project a reality,” said Christopher Higgins of Goldman Sachs.

The stadium authority would pay off the loans primarily through naming rights and selling personal seat licenses.

The Raiders and Chargers, however, would guarantee the stadium loans. The Santa Clara stadium authority signed a $220 million,

20-year naming rights deal with Levi Strauss. MetLife Insurance is paying $400 million over 25 years for the naming rights to Giants’ and Jets’ New Jersey stadium.

Regular ticket sales and revenue from luxury suites would be split by the Chargers and Raiders. The Raiders and Chargers would pay $1.2 million each in annual rent.

A financial analysis by AECOM Technical Services Inc. projects rent and taxes for the stadium with one occupant would generate $168 million over 40 years.

With two occupants the city would receive $223 million over 40 years. After 30 years the city would also receive 50 percent of all non-NFL revenue from the stadium,

according to David Stone of AECOM, a financial consulting firm hired by the city.

 
More on the site.

Fred Roggin from the Beast 980 in Los Angeles spoke with Carson Mayor Albert Robles Monday. Robles explained that, “Most of that site was a former landfill.” Robles also told Roggin that land on the proposed Chargers stadium site is contaminated and the Chargers and Raiders have purchased two separate pieces of land. About 11 acres of the site was never a landfill, and it cost them $20 million. The other 157 acres cost the teams about two dollars.

Federal law states if you own land you are liable for any environmental disaster that occurs on that land. Not willing to take on that liability, the Chargers and Raiders have given the city of Carson certain conditions for a stadium to be built. One of those conditions is that the teams will not be subject to any environmental liability that could occur on the proposed site.
 
St.Louis is on the verge on approving 500 mill in public funds and the Chargers and Raiders want to relocate to LA because of their lack of stadium progress in their current market. Tell me how the NFL will approve Kroenke over Spanos and Davis?

 
bulger2holt said:
St.Louis is on the verge on approving 500 mill in public funds and the Chargers and Raiders want to relocate to LA because of their lack of stadium progress in their current market. Tell me how the NFL will approve Kroenke over Spanos and Davis?
Simple he will just move and owners will allow it.

 
bulger2holt said:
St.Louis is on the verge on approving 500 mill in public funds and the Chargers and Raiders want to relocate to LA because of their lack of stadium progress in their current market. Tell me how the NFL will approve Kroenke over Spanos and Davis?
Simple he will just move and owners will allow it.
Yah. St. Louis might get another team in the future but if the owner wants to leave, you really cant stop him.

 
bulger2holt said:
St.Louis is on the verge on approving 500 mill in public funds and the Chargers and Raiders want to relocate to LA because of their lack of stadium progress in their current market. Tell me how the NFL will approve Kroenke over Spanos and Davis?
Simple he will just move and owners will allow it.
Also link to supposed approval coming through shortly?

 

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