Firm proposes new Chargers stadium

Sept. 18, 2007 at 5:19 PM   |   Comments

SAN DIEGO, Sept. 18 (UPI) -- A San Diego real estate and finance firm has drawn up plans to transform Qualcomm Stadium into a sports, entertainment, residential and commercial complex.

CB Richard Ellis Capital Markets Debt and Equity Finance said the proposed $2.2 billion project would include a new Chargers stadium, an arena for a professional basketball or hockey team and space for concerts and trade shows, the San Diego Union-Tribune reported Tuesday.

“This would create a world-class sports and entertainment destination for San Diego,” said Jeff Rice, a senior financial analyst for CB Richard Ellis who has worked for four years to develop the plan. “It would be a place that could host Super Bowls, soccer championships, major concerts and trade shows.”

Rice said the “fiscally responsible” plan would bring revenue to the city and counteract the $10 million annual deficit caused by the current stadium.

City and county officials said they have yet to analyze the plan.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
WATCH: Eric Bledsoe shakes Clippers guard all the way off the court WATCH: Eric Bledsoe shakes Clippers guard all the way off the court
Bowling to introduce new scoring system
Seahawks search for swagger in Carolina
Lions bring stingy defense to London, aim to ground Falcons
Pirates agree to minor league deal with Stinson
Trending News
Around the Web