More details emerged Wednesday regarding the Chargers' downtown stadium initiative.
According to this Voice of San Diego article, the team is pitching their own stadium/convention center tax hike -- separate from the Cory Briggs' initiative -- that would raise hotel tax from 10.5 to 16.5 percent.
Mayor Kevin Faulconer has not put his support behind the initiative, but as the article points out, the Mayor has said he is waiting until the details of the ballot measure are released. The measure would have to be published in the Union-Tribune in its entirety within the next few days if the Chargers are moving forward.
Complicating this issue is the fact that the Chargers maintain they will throw their support behind the Briggs' initiative, should their plan be unsupported by the Mayor. Another complication is the uncertainty surrounding the vote and whether it will need 2/3 or a simple majority (because of a recent ruling, the law is fuzzy in that area).
According to the VOSD article, the Chargers’ ballot measure would:
• increase the city’s 10.5 percent hotel room tax to 16.5 percent
• eliminate the 2 percent tourism marketing levy on top of that
• set aside 1 percent for a tourism marketing trust fund instead
• set aside 5 percent for a joint convention center and stadium
• it’s anticipated not all of that would be needed so another 1 percent would go to the tourism marketing fund – equaling the 2 percent existing allocation
The measure would also clear environmental-permitting hassles for the new buildings, including a 65,000-seat stadium with a 225,000 square-foot convention center with 80,000 square feet of ballroom space and 80,000 square feet of meeting space.
Under the plan, the new facility would be fully owned by the city of San Diego.
The money for the facility would not be released by the city until the Chargers cut a $650 million check to the city and agree to a 30-year lease and non-relocation agreement.
More details regarding the stadium should surface Thursday.