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SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site
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TodgeRodge Online
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Post: #25
RE: SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site
everyone is saying the land is worth $1 billion, but the reality as it stands now and probably for a while it is worth zero

and even when something is finally done the city will not come close to seeing $1 billion in actual payments or in taxes paid over decades

by the time they get in there and put restrictions and let idiot neighbors (that live 5 miles away) and everyone else get in there and get a bribe, handout, payoff or some other BS much less the use restrictions they will put on it the city will be lucky if it does not cost them $500 million over several years to get anything on that land besides a decaying falling apart stajium

it is like saying the Alameda Naval Air Station is worth X dollars, but when the morons that run that area are done you probably can't give that land away to someone that would actually be wiling to build the crap and do the things they would be required to do to actually do anything with that land......it will just sit there and be worthless (especially with Myth Busters off the air) and be nothing

the same fate awaits Qualcom most likely in about 15 years they will finally have some plans approved before either a new lawsuit of a poor economy stops that project dead and you have to start over again which means all new plans and all new lawsuits and a new group of grifters looking to shake anyone and everyone down to build on that land
05-18-2017 07:23 AM
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RE: SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site - TodgeRodge - 05-18-2017 07:23 AM



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