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SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site
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Aztec Since 88 Offline
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RE: SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site
The city says it cost 12 to 14 million to operate the Q, but what they don't tell everyone that at least 5 million of that is a bond payment that has to be made from when they expanded it in the early 2000s. The city still has to make that bond payment even when the Q is raised. The real cost is around 7 million to operate annually. Any lease beyond 2018 would have SDSU picking up the cost of maintenance minus the bond debt.

If you read the soccer city proposal it is bad for the city of SD. The are trying to get the land to build a condo city under the ruse of building stadium and river park, without traffic mitigation for and additional 500O units and any events held at the new stadium. This area of toen is already congested. FS Investors could potentially get the 166 acres of land for 10K, plus the cost of stadium demo and removal.

The Soccer City plan is not good for SDSU, and they should not support it, SDSU's goal is more about campus expansion to grow the university in enrollment than it is about the stadium. Although if SDSU is able obtain part or all of the of 166, that is where they would prefer to build a new stadium.
05-17-2017 02:23 PM
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RE: SDSU says it's cutting off talks with FS Investors about Qualcomm Stadium site - Aztec Since 88 - 05-17-2017 02:23 PM



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