Carson2gether, a group of business and labor leaders, is seeking voter approval for construction of a 72,000-seat professional football stadium in a 168-acre site in Carson, an area south of Los Angeles near Long Beach.
The stadium would potentially house both the San Diego Chargers and the Oakland Raiders if approved.
Both teams will continue seeking public funds to keep their respective teams in their current cities. Friday's press conference, however, will spell out a detailed proposal to bring both teams to Carson if San Diego and Oakland are unable to get deals done this year.
In a statement given to The Times on Thursday, the Chargers and Raiders said: “We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises.”
This latest move comes not long after St. Louis Rams owner Stan Kroenke announced in December a plan to build an 80,000-seat stadium on land that used to be Hollywood Park.
That announcement put pressure on the Chargers, who say a quarter of their fans are in Los Angeles and Orange counties. This prompted the Raiders, who have financial woes of their own, to join forces with the Chargers since they're unable to afford a stadium on their own.
The Jets and the Giants both play in East Rutherford, N.J. and are currently the only NFL teams playing in the same stadium.
Los Angeles has been without an NFL team for two decades, and now the city finds itself swarmed with four proposals for stadiums from three different teams.
Both the Chargers and Raiders are on year-to-year leases in older stadiums. Prospects for new venues in San Diego and Oakland are not looking good and, there public funds are not readily available to build a stadium. The Carson proposal calls for the teams to be equal, as opposed to one's acting as landlord to the other.