What Are The Chargers Worth To San Diego?


Uploaded by KPBSSanDiego on 19.11.2010

Transcript:
REPORT S OF THE OWNERS OF THE CHARGERS ARE LOOKING
TO SELL A STAKE IN THE TEAM HAS RENEWED SPECULATION
THAT THEY MAY LEAVE SAN DIEGO.
TONIGHT WE ASK IF THE CHARGERS GO HOW WILL THE CITY
BE AFFECTED?
JOINING ME IS VETERAN SPORTS COLUMNIST TIM SULLIVAN.
WELCOME.
>> THANK YOU .
YOU WROTE A PRETTY STERN COLUMN THIS WEEK COMPARING NFL
TO THE GOOD FATHER SHAKING DOWN AMERICAN CITIES.
WITH THE CHARGES PRESSURING
FOR A NEW STADIUM DOWNTOWN IS SAN DIEGO BEING EXTORTED
BY THE LOCAL TEAM?
IT IS LESS EGREGIOUS HERE THAN OTHER CITIES IN AMERICA.
THERE HAVE BEEN 22 NFL STADIUMS BUILT SINCE 1990.
THREE HAVE RENOVATIONS THAT RAN OVER $200 MILLION.
THE FACT THAT THE THREE OLDEST STADIUMS
IN THE LEAGUE SPEAKS WELL TO OUR RESISTANCE OF THE PRESSURE.
WE ARE BEING SQUEEZED IN THE LOS ANGELES THREAT
AND THE MINORITY SHARE IN THE TEAM.
IT IS NOT QUESTION OF WHETHER WE ARE BEING EXTORTED IT IS A
QUESTION OF HOW ELEGANTLY WE ARE BEING EXTORTED?
IT IS A QUESTION OF HOW GOOD A DEAL CAN BE CUT.
VARIOUS MECHANISMS MAKE SINCE.
I COULD LIKE TO SEE A PERSONAL SEAT LICENSE
SO THE PEOPLE USING THE STADIUM ARE PLAYING A LARGER PERCENTAGE.
CHARGERS SAY THAT WON'T FLY.
I DON'T KNOW IF WE SHOULD ASSUME
THAT THE $500 MILLION PUBLIC COMPONENT IS PROJECTED
IS NONNEGOTIABLE.
WE NEED A PUSH BACK.
WE NEED A BETTER DEAL FOR THE CITY THAN NEGOTIATED LAST TIME
OR THE TIME BEFORE THAT.
YOU ARE SAYING PUBLIC MONIES WILL BE INVOLVED
IF WE BUILD A STADIUM HERE?
ABSOLUTELY.
THAT'S THE ONLY WAY THESE DEALS GET DONE.
CHARGERS HAVE LEVERAGE.
THEY HAVE POSSIBILITY OF AN ALTERNATIVE IN LOS ANGELES.
THAT THREAT IS LIKELY TO MOVE THE NEEDLE A LITTLE BIT.
WHETHER IT MOVES IT FAR ENOUGH TO GET HUNDREDS OF MILLIONS
OF DOLLARS OF SUBSIDIES IS A FAIR QUESTION.
IT IS A DIFFICULT CAMPAIGN THEY ARE GOING TO RUN.
HOW REALISTIC IS IT FOR THE CHARGERS TO GO TO LOS ANGELES?
ARE THERE OTHER TEAMS MORE DESIRABLE
FROM THE NFL'S POINT OF VIEW?
THE MOST DESIRABLE SITUATION FROM THE NFL'S POINT
OF VIEW IS EXPANSION TEAM THAT PAYS
UP FRONT FEE TO ALL OF THE OWNERS.
THAT SAID, THERE IS AN ADVANTAGE TO KEEP 32.
YOU DON'T HAVE TO SPLIT UP THE PIE AS MUCH.
THERE ARE PROBABLY FIVE TEAMS NOW STUMPING
FOR BETTER DEALS IN THEIR HOME CITIES.
ANY OF THOSE COULD BE CANDIDATES FOR LOS ANGELES.
THE CHARGERS, I THINK, HAVE THE EASIEST OUT IN THE LEASE.
WHAT DO YOU MAKE OF THE SPANOS FAMILY SALING A STAKE
IN THE TEAM?
I THINK THERE ARE MORE QUESTIONS TO BE ASKED.
THE IDEA THAT THEY ARE TRYING TO PREPARE FOR STATE TAXES
AND THE PASSING OF ALEX MAKES SENSE.
THE QUESTION IS IF GOLDMAN SAKS IS SHOPPING THE INTEREST
TO PERSPECTIVE BUYERS HOW ARE THEY SELLING IT?
A SAN DIEGO TEAM?
A POTENTIAL LOS ANGELES TEAM?
PRICE TAGS ARE DIFFERENT IF YOU ARE BUYING IN THE SCENARIOS.
THE QUESTION PEOPLE WANT TO KNOW IS WHAT IMPACT DO CHARGERS HAVE
ON SAN DIEGO'S ECONOMY?
IF THE CHARGERS GO WILL OUR ECONOMY SUFFER?
I DON'T THINK IT IS AN ECONOMIC QUESTION.
IT IS AN EMOTIONAL QUESTION.
YOU CAN PROBABLY INVEST THE SAME AMOUNT OF MONEY IN A COUPLE
OF WALMARTS OR MAYBE SEVERAL AND CREATE MORE JOBS.
THE CHARGERS ARE A BOND THAT A LOT
OF PEOPLE FEEL STRONGLY ABOUT.
AND WOULD LIKE TO PRESERVE.
AS AN ECONOMIC ENGINE IT IS A VERY SMALL PART
OF THE LOCAL ECONOMY.
GIVEN THE WAY THAT THESE DEALS TEND
TO BE STRUCTURED IT IS A NET LOSS FOR VIRTUALLY ANY CITY
TO BUILD A FOOT STADIUM.
WHAT ABOUT THE IDEA
OF SUPERBOWLS HERE TO BRING IN MONEY?
YOU MAY GET A SUPERBOWL EVERY TEN YEARS
BUT YOU DON'T BUILD A STADIUM ON THAT BASIS.
IF IT DOESN'T MAKE SENSE TO DO IT
ON A LONG TERM BASIS YOU DON'T DO IT FOR ONE DAY IN A DECADE.
IT WOULD BE A GREAT THING TO BE THE SUPERBOWL BACK.
A LOT OF ESTIMATES OF THE ECONOMIC IMPACT ARE INFLATED
BUT THAT'S NOT A REASON DO IT.
THANK YOU VERY MUCH.