With the Chargers in need of a new stadium and no viable San Diego-area proposal in the pipeline, the future of the team in its current Southern California home is foggy, at best.
But now a plan has emerged from two nearby cities, and the team regards the possibility as “promising.”
According to 10news.com, Oceanside and Escondido are discussing a partnership in which one city would build the stadium and the other would construct a mixed-use development that would aid in the funding for the venue. (Holy crap. If we write too many sentences like that someone might mistake us for professionals.)
And unlike other proposals that the franchise regarded as not viable, Chargers special counsel Mark Fabiani likes the idea.
“It sounds promising,” Fabiani said. “While it is an advantage for the projects to be connected, it is possible to divide it. The key will be generating the needed revenue to privately finance a stadium.”
And, in California, private financing is the key. With the state facing serious budget problems, taxpayer money simply isn’t an option.