LOS ANGELES – Carson’s City Council could decide Tuesday night to approve an NFL stadium for the San Diego Chargers and Oakland Raiders. It would be a decision based on faith, because many of the of the details are still unknown.
Specifics of the $1.7-billion proposal, first unveiled in February, have been scarce, at least publicly.
The 26-page initiative petition proposing the stadium says little about how it would be paid for, other than a promise that city tax dollars won’t be used. Leases need to be worked out. Personal seat licenses — which developers say could fund nearly half the project — must be sold. And there’s no mention of the three-way land swap, creation of a new city agency or 10-figure investment led by Goldman Sachs that are all key to the deal.
Full story coming…