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Economist: Chargers Leaving San Diego Would Have Minimal Impact On Economy

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Economist: Chargers Leaving San Diego Would Make Minimal Impact
Economic Impact Of The Chargers Leaving San Diego Would Be Minimal GUEST:Michael Leeds, sports economist, Temple University Adam Day, chair, Citizens' Stadium Advisory Group

CHARGER FANS GATHER QUALCOMM STADIUM WITH ONE MESSAGE TO KEEP THE CHARGERS IN SAN DIEGO. AN RENOWNED EGYPTOLOGIST TALKS ABOUT HIS BOOK DISCOVERING TUTANKHAMEN. THIS IS KPBS MIDDAY EDITION. I MAUREEN CAVANAUGH. IT IS TUESDAY, MARCH 3. HERE ARE SOME OF THE SAN DIEGO STORIES WE'RE FOLLOWING AND THE KPBS NEWSROOM. THE SAN DIEGO COUNTY BOARD OF SUPERVISORS VOTED UNANIMOUSLY TODAY TO BEGIN TAKING BIDS FOR CAMERAS THAT SHERIFF DEPUTIES CAN WEAR THE UNIFORMS. SHERIFF BILL GORE WROTE IN HIS PROPOSAL THAT THE DEVICES INCREASE ACCOUNTABILITY ON THE PART OF BOTH OFFICERS AND THE PUBLIC. A NEW REPORT SHOWS WATER CONSERVATION SLIPPED DURING AN UNUSUALLY DRY JANUARY IN CALIFORNIA. THE STATE WATER RESOURCES CONTROL BOARD REPORTED TODAY THAT URBAN WATER USE DECLINED ONLY 9% IN JANUARY. DECEMBER WATER SAVINGS WAS UPWARDS OF 20%. ROBERT McELROY HAS BEEN NAMED THE SIXTH BISHOP OF THE ROMAN CATHOLIC DIOCESE IN SAN DIEGO. McELROY WILL SUCCEED CIRILO FLORES WHO DIED LAST SEPTEMBER. LISTEN FOR THE LATEST NEWS THROUGH THE DAY RIGHT HERE ON KPBS TOP STORY ON MIDDAY EDITION, CHARGERS FANS CAME OUT IN FORCE AT LAST NIGHT'S PUBLIC FORUM WITH THE CITIZENS STADIUM ADVISORY GROUP. 619858 IS GREAT BUT RIGHT HERE WILL BE IDEA. WE LOVE TO TAILGATE. DON'T TAKE THAT AWAY. MULTIPURPOSE FACILITY RIGHT HERE WHERE WE HAVE HIGHWAYS EVERYWHERE AROUND US. MY FAMILY SHARES TO TICKETS. WE ROTATE, TO GO IN THE GAME AND THE REST OUT IN THE PARKING LOT TAILGATING. IF YOU MOVE THIS LOCATION, DOWNTOWN THERE IS NO TAILGATING, NO FAMILY FOR US. LAST NIGHT'S EVENT AT QUALCOMM STADIUM IS THE ONLY PUBLIC FORM PLANNED BY THE STATE IN GROUP WHICH IS RAMPED UP ITS TIMELINE AND EXPECTS TO NAME A SITE AND FUNDING PLAN FOR NEW SAN DIEGO STADIUM IN LESS THAN 90 DAYS. THE ADVISORY GROUP DID NOT HAVE TO CONVINCE MANY IN LAST NIGHT'S CROWD ABOUT THE VALUE OF KEEPING THE CHARGERS IN SAN DIEGO. BUT THAT WILL NOT BE THE CASE OF A FINANCING PLAN GETS TO THE VOTERS. ESPECIALLY WHEN ECONOMIST APPARENTLY AGREE THE ECONOMIC IMPACT OF THE CHARGERS LEAVING SAN DIEGO WOULD BE MINIMAL. JOINING ME IS ADAM DAY CHAIR, THE CHAIRMAN OF THE CITIZENS STADIUM ADVISORY GROUP AND ADAM, WELCOME TO THE SHOW. THANK YOU FOR HAVING ME. AN ESTIMATED 2500 PEOPLE SHOWED UP AT THE PUBLIC FORM LAST NIGHT. MOST ALL OF THEM SUPPORTING A NEW STADIUM. DID THE ADVISORY GROUP HEAR ANY NEW IDEAS ? WELL, FIRST IT WAS A GREAT OPPORTUNITY FOR US TO LISTEN TO THE PUBLIC REQUEST OF PLUS -- FIRST PUBLIC FORUM HELD ON THIS ISSUE 13 YEARS. WE WANTED TO SEE WHAT SAID HIGGINS FELT ABOUT WHAT SITE WORKED BEST AND HOW TO FINANCE THE NEW STADIUM. THERE WERE GOOD IDEAS ON HOW TO PAY FOR IT. BUT OVERWHELMING MAJORITY OF PEOPLE SUPPORTED THE SITE AT THE EXISTING QUALCOMM STADIUM. ONE PERSON HAD THE IDEA THAT YOU SHOULD JUST PAY THE PEOPLE WHO ARE GOING TO ATTEND THE GAMES SHOULD BE THE ONES WHO PAY FOR THE STADIUM. IS THAT RIGHT ? WE HEARD THE SUGGESTION AND IDEA TO SELL OFF THE OLD SEATS FOR $100 APIECE AND RAISE $7 MILLION. WE HEARD ABOUT GREEN BAY DOING A CROWDFUNDING ACCOUNT. DIFFERENT IDEAS, A LOT OF VOICES ABOUT PARTICIPATION BY THE COUNTY AND IF THERE IS A VOTE EVERY ONE OF THE COUNTY GETS TO VOTE. WE ARE HAPPY TO BE THERE. GOOD INPUT AND WE WILL TAKE THAT INTO CONSIDERATION COME BACK WITH A RECOMMENDATION ON THE SITE. NOW HAS A NEW'S ADAM THAT THE CHARGERS HAVE ALTERNATIVE PLANS FOR A NEW STADIUM IN CARSON. HOW DOES THAT CHANGE THE GAME FOR THE ADVISORY GROUP ? WE ARE KEEPING OUR EYE ON THE BALL AND FOCUSED ON PICKING A SITE AND DEVELOPING A PLAN. THERE ARE CHANGING CIRCUMSTANCES IN LA AND OTHER FACTORS TO CONSIDER BUT WE ARE NOT LETTING THAT DISTRACT US FROM OUR OBJECTIVE. THIS IS A TASK THAT HASN'T BEEN DONE IN SAN DIEGO. WE HAVE TO GIVE MAYOR FAULKNER LEAD CREDIT FOR EXHIBITING LEADERSHIP AND DIRECTING US TO ANSWER QUESTION, WHAT IS THE BEST SITE AND HOW DO WE PAY FOR IT AND GET THE RECOGNITION TO THE MAYOR SO HE CAN CONSIDER IT AND GIVE IT TO THE COUNCIL VOTERS. IT GAVE -- MADE YOU STEP UP THE TIMELINE. WHEN WE ANNOUNCED, WE SAID WE COULD HAVE SOMETHING BY SEPTEMBER WE FELT LIKE WE COULD BEAT THE DEADLINE WITH DEVELOPMENTS A WEEK AND HALF AGO AND LA THAT CAUGHT US BY SURPRISE. MORE THAN HAPPY TO ADJUST. THERE HAS BEEN DISCUSSION AND RESEARCH THAT HAS BEEN DONE IN THE LAST 13 YEARS. A LOT OF INFORMATION AVAILABLE TO US. IT IS OUR JOB TO NARROW THAT DOWN AND ANSWER THOSE TWO QUESTIONS. THE METROPOLITAN TRANSIT SYSTEM TO YOU OCCURRED LAST WEEK WHEN THEY SAID THAT THE CHARGES PREFERRED SITE DOWNTOWN. WOULDN'T BE AVAILABLE FOR 5 TO 7 YEARS BECAUSE IT WOULD TAKE THAT MUCH TIME FOR THEM TO CHANGE OUT THERE BUS DEPOT THAT IS THERE. WHAT HAS THAT DONE TO THE CONVERSATION ? THAT IS NOT NEW NEWS. THAT IS INFORMATION THAT IS BEEN THE PUBLIC DOMAIN FOR A NUMBER OF YEARS. I WOULD SAY THAT WHEN MR. FABIANI PRESENTED TO THE COMMITTEE, HE WAS CLEAR THAT THE CHARGES WOULD LIVE WITH EITHER SIDE. WHILE DOWNTOWN IS THEIR PREFERRED LOCATION, HE WAS CLEAR THAT THEY ARE LOOKING FOR A SOLUTION TO BUILD A NEW MULTIUSE FACILITY THAT CAN HOST CHARGER GAMES AND ALSO HOST OTHER EVENTS AND WILL BE AN ECONOMIC ENGINE FOR THE REGION. IS IT FAIR TO SAY THAT A NEW STADIUM ON THE QUALCOMM SITE IS NOW MORE LIKELY ? WE WILL CONTINUE TO ME. MEETING AGGRESSIVELY ON A REGULAR BASIS. WE HOPE TO COME TO A DECISION ON THAT QUESTION SOON. WHEN WE DO, WE WILL ANNOUNCE THAT. IF THE QUALCOMM SITE WERE CHOSEN, ARE YOU CONSIDERING IN ANY WAY AS PART OF THE GROUP'S CALCULATIONS THAT THE OPTION OF MAYBE UPGRADING THE PRESENT STADIUM WOULD BE ON THE TABLE OR WOULD A WHOLE NEW STADIUM BE RECOMMENDED ? WE ARE EVALUATING THAT AS WELL. CONSIDER WE HAVE A 50-YEAR-OLD FACILITY THAT HAS OVER $100 MILLION IN DEFERRED MAINTENANCE TODAY. IT IS NOT SEISMICALLY SAFE SO WE NEED A RETROFIT. AND WE NEED TO RETROFIT IT FURTHER FOR MORE LUXURY AND AMENITIES THAT MODERN STADIUMS ARE USING. YOU WOULD STILL BE STUCK WITH A FOOTBALL ONLY STADIUM. WE ARE GOING TO ANALYZE THAT AND PRESENT SOME INFORMATION AS TO WHY WE THINK THAT MAY OR MAY NOT BE THE BEST ALTERNATIVE AND THAT WILL COME OUT IN THE NEAR FUTURE. LAST NIGHT IT WAS REPORTED YOU SAID THE STADIUM TASK FORCE WILL BE ANNOUNCING A LOCATION SOON. HOW SOON ? WE'RE NOT SURE. WE CONTINUE TO BE ON REGULAR BASIS. MORE THAN ONE MEETING PER WEEK. HOPING THAT WE CAN COME TO A CONCLUSION ON THAT FIRST QUESTION SOON. MAYBE THE NEXT WEEK OR TWO. EXPECTING TO ANNOUNCE THAT FIRST BEFORE THE FUNDING PLAN ? A POSSIBILITY. YES. OKAY. ARE YOU TAKING INTO CONSIDERATION WHEN IT COMES TO FUNDING PLAN THE RECENT COMMENTS FROM THE COUNTY SUPERVISOR RON ROBERTS THAT THE COUNTY MIGHT BE INVOLVED IN FINANCING ? WE ARE TALKING TO A NUMBER OF STAKEHOLDERS, CHARGERS ODYSSEY THE COUNTY, CITY, OTHER AS THE ISSUES HAVE AN INTEREST. USD -- UCSD, TAKING THAT INTO CONSIDERATION. BOTH SIDES HAVE PROS AND CONS. SOME HAVE MORE CONSTRAINTS VERSUS THE OTHER. AND THE FINANCIAL CONSTRAINTS OF EACH SITE ARE DIFFERENT AS WELL SO WE NEED TO ANALYZE BOTH IN THE CONTEXT AND PUT TOGETHER A PLAN THAT WILL DRAW FROM EVERYTHING AND MAKE IT A FAIR PLAN THAT WORKS FOR THE CITY AND CHARGERS AND TENANTS AND TAXPAYERS. I'M SPEAKING WITH ADAM DAY, CHAIR OF THE CITIZENS STADIUM ADVISORY GROUP. ADAM, WHEN YOU PRESENT A FINANCING PLAN, WHAT KIND OF OPTIONS ARE YOU GOING TO BE PRESENTING? WILL IT BE THIS IS OUR CHOICE, THIS IS WHAT WE PRESENT TO THE CITY OR DO YOU THINK YOU MIGHT HAVE OPTION NUMBER ONE, OPTION TWO, OPTION THREE? THAT KIND OF THING ? GOOD QUESTION. IT'S PREMATURE FOR US BECAUSE WE STILL HAVE A COUPLE OF MONTHS AGO. BUT I THINK IT SAFE TO SAY NOTHING IS OFF THE TABLE. WE ARE SHOOTING TO HAVE THIS DONE BY THE MIDDLE OF MAY. MORE THAN ENOUGH TIME FOR THE VOTERS TO CONSIDER THIS IN JUNE OF NEXT YEAR. THERE'S A RANGE OF OPTIONS AVAILABLE FOR DIFFERENT REVENUE STREAMS. LIKE YOU SAID, THE COUNTY SOURCES, CHARGERS, NAMING RIGHTS, SEAT LICENSES. THERE IS A LOT OF DIFFERENT IDEAS FOR HOW TO PACKAGE A PROPOSAL THAT HAS TO MEET THE MAYOR'S GUIDELINES WHICH IT HAS TO WORK FOR THE CITY'S BUDGET AND BE FAIR TO THE TAXPAYERS AND SOMETHING THE CHARGES ARE WILLING TO SUPPORT AS WELL BECAUSE THEY ARE THE PRIMARY TERM. NATALIE TENNANT BUT AN IMPORTANT TENET. AND THE LOCATION RECOMMENDATION IS GOING TO BE COMING YOU SAID IN A FEW WEEKS ? I DON'T WANT TO JUMP AHEAD OF THAT BUT WE THINK WE ARE MAKING MOMENTUM ON HOW TO NARROW THE SELECTION DOWN TO ONE SITE SOON. JOINING ME NOW IS MICHAEL LEEDS, SPORTS ECONOMIST AT TEMPLE UNIVERSITY WHO STUDIED THE ECONOMIC IMPACT OF STADIUMS AND SPORTS TEAMS. WELCOME TO THE PROGRAM. THANK YOU. GOOD TO BE HERE. CHARGERS SPOKESMAN MIKE FABIANI WAS QUOTED AS SAYING NEW STADIUMS ARE CAPABLE OF GENERATING REVENUE THAT WE CANNOT GENERATE AT QUALCOMM STADIUM. BUT, MICHAEL, WHO GETS THAT REVENUE ? I THINK THAT IS THE IMPORTANT QUESTION. TYPICALLY IT'S NOT THE CITY. IT'S TYPICALLY THE TEAM, A LOT OF THESE AMENITIES THAT HAVE BEEN ALLUDED TO EARLIER ARE REALLY BIG MONEY MAKERS FOR THE TEAM. ESPECIALLY THINGS LIKE LUNCH RECEIVING -- LUXURY SEATING WHICH IS TYPICALLY NOT SHARED WITH OTHER FRANCHISES AND LITTLE IS SHARED WITH THE PLAYERS AS PART OF THE COLLECTIVE BARGAINING AGREEMENT. SO IN A LEAGUE IN WHICH SO MUCH INCOME, SO MUCH REVENUE IS SHARED RELATIVELY EQUALLY AMONG THE FRANCHISES, DATA REVENUE, TV REVENUE, THIS LUXURY SEATING AND WE CALL VENUE REVENUE IS A BIG, BIG WAY FOR TEAMS TO GENERATE THEIR OWN INCOME AND NOT HAVE TO SHARE IT. IN FACT, YOU SAY THAT THE FACT THAT STADIUMS GENERATE LITTLE ECONOMIC IMPACT FOR THE CITIES IN WHICH THE STADIUM IS LOCATED IS A GIVEN AMONG ECONOMISTS. YES. YOU REALLY WOULD BE HARD-PRESSED TO FIND AN ECONOMIST WHO DISAGREES WITH US. I SHOULD SAY, WE DO NOT SAY BLANKET DON'T BUILD STADIUMS BUT IF YOU'RE GOING TO BUILD ONE, DO NOT DO IT THINKING IT IS GOING TO BE AN ECONOMIC ENGINE THAT WILL DRIVE THE LOCAL ECONOMY. WHAT IF YOU FOUND GENERALLY TO BE THE IMPACT OF A SPORTS TEAM ON THE CITY'S OVERALL ECONOMY ? BASICALLY NOTHING. IT IS VERY, VERY SMALL. THAT THE IMPACT OF A BASEBALL TEAM HAS BEEN LIKENED TO THAT OF A MIDSIZED DEPARTMENT STORE. THAT OF A FOOTBALL TEAM WITH SO MANY FEWER HOME DAYS AND SO MANY FEWER FANS THAT ATTEND OVERALL, IS REALLY EVEN LAST. SO JUST IMAGINE OF A SMALL DEPARTMENT STORE CLOSING IN SAN DIEGO AND THAT IS ABOUT THE IMPACT IT WILL HAVE. EXPLAINED THAT FORCE IF YOU WILL, MICHAEL. ON THE FACE OF IT, IT DOES NOT MAKE A LOT OF SENSE CONSIDERING THAT WHAT WE HAVE BEEN HEARING FROM BOOSTERS OF THE STADIUM IS BASICALLY SORT OF -- YOU GET THIS BRAND-NEW THING AND IT'S GOING TO GENERATE BUSINESS AND MONEY TO THE CITY. OKAY. WELL, WHAT YOU HAVE IS A COUPLE THINGS GOING ON. ONE IS THE MOST -- PERHAPS MOST IMPORTANT IS THAT THE STADIUM IS GOING TO AFFECT THE CITY'S WELL-BEING. IF IT GENERATES SPENDING IN THE CITY, THERE WOULD NOT HAVE TAKEN PLACE OTHERWISE. SO IF SOMEONE -- THE SAN DIEGO CHARGERS WERE SUDDENLY TO DISAPPEAR, IF IT IS THE CASE THAT ALL THAT SPENDING THAT IS ASSOCIATED WITH THE CHARGERS WOULD ALSO IS A OR WOULD PEOPLE SPEND THEIR MONEY IN SOME OTHER WAY? WITH A GO TO THE MOODY'S? WITH A GO TO A RESTAURANT? WOULD THEY DO OTHER THINGS IN SAN DIEGO WITH THEIR MONEY. TYPICALLY, A SUBSTANTIAL AMOUNT OF THE MONEY THAT IS SPENT ON -- AT FOOTBALL GAMES, BASEBALL GAMES, WOULD FIND A DIFFERENT OUTLET WITHIN THE CITY. SO A LOT OF THE SPENDING THAT TAKES PLACE AT A SPORTS FRANCHISE WOULD NOT SIMPLY DISAPPEAR IF THAT SPORTS FRANCHISE DISAPPEARED. LET ME GET REACTION FROM ADAM IN THE STUDIO. OBVIOUSLY, I'M NOT AN ECONOMIST. OUR COMMITTEE WAS NOT CHARGED WITH ANALYZING THE ECONOMIC IMPACT OF THIS. OUR JOB WAS TO DEVELOP A FINANCING PLAN THAT IS FAIR. BUT I WOULD ARGUE THAT THE ANSWER TO THE QUESTION IS MORE THAN JUST AN ECONOMIC ONE. THE HEALTH OF THE CITY AND VIBRANCY OF THE REGION IS MEASURED IN A NUMBER OF WAYS. WE RECENTLY IN SAN DIEGO EXPERIENCED THE POTENTIAL LOSS OF THE SAN DIEGO OPERA. ONE OF THE SPEAKERS LAST NIGHT USE THAT AS AN EXAMPLE AS TO WHY IT IS IMPORTANT TO SAVE AND PRESERVE AN OPTION TO HAVE A MULTIUSE STADIUM IN THIS REGION FOR ALL KINDS OF REASONS, NOT JUST FOR PROFESSIONAL FOOTBALL BOWL ALL TYPES OF EVENTS RELIGIOUS, CULTURAL, COMMUNITY EVENTS AS WELL. SO IT'S NOT JUST ABOUT DOLLARS AND CENTS. ALTHOUGH THE DEVELOPMENT OR REDEVELOPMENT OF A PIECE OF LAND WOULD GENERATE ADDITIONAL PROPERTY TAX AND SALES TAX AND HOTEL TAX REVENUE THAT WOULD NOT HAPPEN WITHOUT DEVELOPMENT. THAT SHOULD BE CONSIDERED. MICHAEL, YOUR POINT IS IF I CAN PARAPHRASE, IF YOU'RE GOING TO BUILD A NEW STADIUM, DON'T DO IT BECAUSE YOU THINK IT IS GOING TO BRING A LOT OF MONEY TO THE REGION. RIGHT. I AGREE VERY MUCH WITH WHAT ADAM SAID. I THINK IT IS ABSOLUTELY CORRECT THAT THERE ARE LOTS OF NONMONETARY BENEFITS THAT COME WITH HAVING A SPORTS FRANCHISE. AND I THINK THE ANALOGY TO THE UPPER IS A GOOD ONE, THAT IS USED FEEL THAT AS A CITY, YOU WANT TO HAVE CERTAIN AMENITIES AND CERTAIN THINGS TO OFFER YOUR CITIZENS, AND EVEN TO CITIZENS WHO DO NOT ATTEND, WOULD JUST READ ABOUT THE CHARGERS AND -- IN THE NEWSPAPER AND FOLLOW THEM ON TV, I THINK THAT IS GREAT. AND I FOLLOW THE PHILADELPHIA SPORTS TEAMS AND I ENJOY DOING THAT. BUT THE CITY SHOULD JUST BE CLEAR ABOUT WHY IT IS DOING THIS. IF YOU WANT TO DO IT BECAUSE IT FEELS THIS IS AN IMPORTANT PART OF THE CITY'S FABRIC, THE CITY'S IDENTITY, THEN I THINK THAT IS WONDERFUL. BUT IT SHOULD NOT DO IT THINKING THIS IS GOING TO BE A DRIVER OF OUR FUTURE PROSPERITY. ADAM, THE CHARGERS HAVE ALREADY ANNOUNCED AS WE TALKED ABOUT THESE ALTERNATE PLANS IF NOTHING WORKS OUT SAN DIEGO TO RELOCATE TO CARSON. THERE IS NOW NEWS THAT MOVE COULD BE FINANCED BY GOLDMAN SACHS. LOOKS LIKE AT LEAST TO THE OUTSIDE OBSERVER THAT THIS DEAL IS COMING TOGETHER STARTING TO SOUND LIKE A DONE DEAL. HOW CAN SAN DIEGO COUNTER THAT WITHOUT GIVING THE CHARGERS EVERYTHING THEY WANT ? WELL, THE CHARGERS HAVE TOLD US PUBLICLY AND THEY HAVE SAID SO PRIVATELY THAT IT IS THEIR DESIRE TO STAY IN SAN DIEGO WE TAKE THEM AT THEIR WORD. IT IS GOING TO TAKE A COOPERATIVE EFFORT ON BOTH SIDES TO COME TO AN AGREEMENT ON WHAT WORKS FOR EVERYBODY AND WHAT IS FAIR. WE THINK WE CAN DO THAT. AS I SAID, WE HAVE BLINDERS ON AND ARE FOCUSED ON SOLVING THE PROBLEM. I RECOGNIZE THERE ARE EVENTS OUTSIDE OF OUR CONTROL BUT I WOULD JUST SAY I THINK GOLDMAN SACHS WOULD BE A GREAT PARTNER WITH THE CHARGERS IN BUILDING THE STADIUM IN SAN DIEGO. SO YOU YOU THINK ABOUT THAT AS WELL ? ABSOLUTELY. WHEN YOU ARE READY TO MAKE YOUR ANNOUNCEMENTS, NUMBER ONE ON THE LOCATION, NUMBER TWO ON THE FINANCING PLAN, HOW IS THAT GOING TO HAPPEN? ARE YOU GOING TO CONTACT THE MAYOR AND THE MAYOR IS GOING TO HAVE A PUBLIC ANNOUNCEMENT? ARE YOU GOING TO CONTACT THE CITY COUNCIL? HOW WILL THAT WORK ? WE ARE AN ADVISORY GROUP, IS STRICTLY ADVISORY TO THE MAYOR ALONG. AS WE DEVELOP A CONSENSUS ON DIFFERENT POINTS OF THE RECOMMENDATION, WE WILL MAKE ANNOUNCEMENTS ON OUR OWN AND IT IS UP TO THE MAYOR TO ADVANCE OUR RECOMMENDATIONS AND MAKE CHANGES IF YOU'D LIKE AND PRESENT THEM TO THE PUBLIC. I SEE. SO YOU PUBLIC ANNOUNCEMENT WOULD BE THE CITIZENS AS STADIUM ADVISORY COMMITTEE PUBLIC ANNOUNCEMENT AND NOT THE MAYOR'S. CORRECT. WHILE WE ARE AN ADVISORY TO THE MAYOR WE ARE INDEPENDENT OF THE CITY. BUT WE ARE ADVISORY TO THE MAYOR BUT WE WILL MAKE OUR OWN RECOMMENDATIONS TO THE MAYOR. HAS THIS WHOLE THING BEEN MORE TAXING THAN YOU -- AND I USE THAT WORD ADVISEDLY THAN YOU EXPECTED ? IT'S REALLY A GREAT OPPORTUNITY TO SOLVE WHAT HAS BEEN THE NUMBER ONE PUBLIC POLICY DEBATE IN SAN DIEGO FOR THE LAST 20 YEARS. IT IS GREAT TO BE PART OF THE SOLUTION HERE THAT WOULD WORK FOR EVERYBODY. WE'RE CONFIDENT AND ENTHUSIASTIC SOMETHING THAT CAME OUT IN LAST NIGHT'S MEETING AS WELL, THE PASSION AND ENTHUSIASM FROM THE CHARGERS FANS WAS OVERWHELMING. THE COMMITTEE MEMBERS SHARE THAT WE ARE EXCITED TO BE PART OF KEEPING A MULTIUSE STADIUM IN SAN DIEGO AND KEEPING THE CHARGES HERE. IT'S IMPORTANT PART OF OUR COMMUNITY. I WANT TO THANK MICHAEL LEEDS, SPORTS ECONOMIST WITH TEMPLE UNIVERSITY. THANK YOU FOR SPEAKING WITH US, MICHAEL. THANK YOU. IT'S BEEN A PLEASURE. ADAM DAY, CHAIR OF THE CITIZENS THEY DEEM ADVISORY GROUP. THANK YOU. THANK YOU.

Economists seem to agree, sports stadiums have little impact on the economy.

Temple University sports economist Michael Leeds looked at Chicago, a city with five professional teams. He said if every sports team there were to suddenly disappear, the impact on the Chicago economy would be a fraction of 1 percent.

"We looked at revenue teams generate, and it's small potatoes," Leeds said. "For it to have any kind of real impact there would have to be a huge multiplier effect, and with most franchises especially football those spillovers are small."

He said the effects would be similar if the Chargers leave San Diego for Los Angeles. Last month, the Chargers and the Raiders announced a joint proposal to build a stadium in Carson.

The news about the Chargers teaming up with its rivals came weeks after Mayor Kevin Faulconer announced the formation of his Citizens' Stadium Advisory Group, which was tasked with finding the team a home in San Diego and offering a financing plan.

The task force met Monday night where they heard from hundreds of fans who wanted the team to stay in San Diego.

But the effects of Chargers, or any sports team, on the economy is questionable, said Leeds. He compared the Chargers leaving to a small department store closing.

"You really would be hard pressed to find an economist that disagrees with us," Leeds told KPBS Midday Edition on Tuesday.

Leeds said new stadiums come with a lot of bells and whistles, which would generate new revenue for the team but for anybody else, not so much.

Adam Day, chair of the advisory group, told KPBS Midday that the task force's members have been meeting regularly and hope to announce a proposed location in the next one to two weeks.

"We're keeping our eye on the ball," he said. "Nothing is off the table."