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Chargers Stadium Measure Faces Opposition
Tuesday, August 23, 2016
Chargers Stadium Measure Faces Opposition
GUEST:
Erik Anderson, reporter, KPBS News
The San Diego County Taxpayers Association concluded the Chargers' ballot measure won't raise enough money. The city's Independent Budget Analyst says it will — if estimates are accurate.
Measure C, the Chargers' ballot initiative to build a downtown stadium with a convention center annex, is under more scrutiny this week.
The city of San Diego's Independent Budget Analyst on Monday said the initiative would generate enough funds to build a downtown stadium and convention center annex, but warned that the initiative may be underestimating those costs.
Another report released Monday by the San Diego County Taxpayers Association concluded the Chargers ballot measure would fall some $400 million short, and the city would have to pay the overrun from the general fund or risk its reputation.
The association's president, Haney Hong, said his organization used the Chargers' most optimistic financial assumptions and still found that the city's general fund would be at risk.
The Chargers said their plan is solid. Team spokesman Fred Maas said the measure has a significant financial cushion to provide for cost overruns and that taxpayers would never be on the hook.
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