The San Diego Chargers unveiled their plan for a new downtown stadium Wednesday, releasing the 110-page initiative they hope to get on the November ballot.
San Diego voters got their first look at the San Diego Stadium Initiative - the team's proposal for a new stadium on a 12-acre site in the East Village. The parcel of land is located between K Street and Imperial Avenue and between 12th Avenue and 16th Street.
The project "requires a private sector contribution of $650,000,000 be provided for the Stadium and that a covenant an d agreement be secured requiring a professional football team leasing the Stadium to agree not to relocate for a period of 30 years."
It would also require $350,000,000 from Transient Occupancy Tax funds.
The hybrid stadium and convention center facility presents a tricky set of logistical and environmental challenges.
An historic building – the old Wonder Bread factory that now houses Mission Brewery – will also have to undergo the same process.
In a statement released late Wednesday, the San Diego Convention Center Corporation said they prefer an on-site contiguous expansion.
"A separate building, any number of blocks away, does not provide the preferred meeting model that will serve our existing and future clients," the statement reads.
Team officials say they are committed to gathering signatures to qualify the measure for the November ballot.