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NFL Takes San Diego Hostage

Kavitha A. Davidson, BLOOMBERG VIEW

Friday, May 22, 2015

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And it doesn't end there. As an analysis by the nonprofit news organization Voice of San Diego concludes, the report conveniently omits several other sources of public money required to bring the plan to fruition. The National University System Institute for Policy Research notes the plan leaves out the cost of operating and maintaining the stadium, estimating that to be between $217 million and $327 million. And the plan includes a beautiful new park next to the San Diego River, which will likely require $20 million to $25 million in state and federal funding. These costs could be abated by an increase in private funding or irregularly high revenue from other stadium events, but as it stands, the total hit to public coffers may be close to $1 billion.