Pay the Chargers to keep playing?
EconoMeter panel looks at subsidizing a new stadium, economically speaking
Roger Showley, U-T SAN DIEGO
Friday, April 18, 2014
Kelly Cunningham, National University System
Maybe. Whether to subsidize a new Chargers stadium rests squarely on the details of the deal. Ultimately the question rests on how much in taxes – especially property taxes – can be generated from the Qualcomm and sports arena sites. Those city-owned properties currently contribute very little to city revenues while costing tens of millions to maintain. If a deal is struck capping public subsidies below what can be generated by taxes from redevelopment, a good arrangement may be possible. If not – and skeptics can point to the sorry track record of cities negotiating with NFL teams – it could be a poor deal for taxpayers.