You may recall the town hall forum spearheaded by Mark Fabiani on May 19.
He pointed to a June 22 city council vote to approve or reject a study that would examine the viability of extending the redevelopment spending cap for the Centre City Development Corporation (CCDC), which soon will reach its allocated limit for downtown development funds. He called the vote critical to keep alive the team’s “last, best” option for a new stadium.
Well, the council approved the $500,000 study Tuesday with a unanimous vote.
So what now?
The study will be completed within six months. The results will help the mayor and city council decide whether an increase in the cap makes financial sense.
Other government entities, including the County of San Diego, will have to agree to a cap increase. The CCDC and the city already have begun negotiations with these entities, which should intensify now that the city council has approved the cap study.
If an increase takes place, the CCDC, mayor and city council need to determine how much of the increase, if any, should go toward construction of a new stadium downtown.
The Chargers and government entities must agree to a ballot measure that will be presented to voters sometime in 2012.
In the meantime, leading stadium designers Populous (formerly HOK) will continue to evaluate the 15-acre site, which could be the smallest in the NFL. Their preliminary study indicates a stadium could be designed to fit on the site.
The Chargers will continue to monitor a nearby earthquake fault and contamination issues.
To recap: The unanimous approval Tuesday is a positive result if you want a new stadium in San Diego. The government will study whether spending more money downtown at this time would make financial sense. Then, if the government and the team agree, the public would be asked to approve a plan in 2012.
Stay true and keep pounding,
Tags: Chargers, Mark Fabiani, Stadium
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