A report by the county grand jury says the city of San Diego loses about $17 million per year renting the city-owned Qualcomm Stadium to the Chargers. The grand jury report released Wednesday says that not including other income from non-Chargers events, the stadium is “a losing proposition.†The city collects $2.5 million per season in rent from the Chargers, plus 10 percent of postseason ticket sales while the team keeps revenue from sky boxes, advertising and parking. The report says the city needs to resolve the $52 million in outstanding debt from the renovation of Qualcomm Stadium in 1997. The grand jury recommended that the city negotiate better terms for the new public-financed stadium that the Chargers want to build. Source: Associated Press
What sticks out to me was where it says the figures didn't include non-Chargers event income. And why was a grand jury assembled to look at this, shouldn't it be accountants and people of that sort?
which is why they need a new stadium. I'm not sure why the idiots think we don't need a new stadium, apparently they're fine with the city losing money. The city government is really inept.
Why the hell is that dude? We all want to move to Cali and live the sunshine and backyard pool life. Don't heck this Showtime fantasy up man...
a form of government is inept ....................... :icon_eek: ....... NO WAY ....... seriously, what these numbers don't factor in is all of the other money that having the team brings in to the city, businesses, etc.
