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Chargers Task Force: No Public Money To Be Used

Panel To Make Recommendation To City Council

POSTED: 9:17 a.m. PST February 21, 2003
UPDATED: 9:42 a.m. PST February 21, 2003

The Chargers task force says taxpayers should not have to fund any part of a new stadium for the team, 10News reported.

The panel agreed that tax-increment funding -- property tax revenues plowed back into redevelopment projects -- could be used for a park on site of a new stadium, but not for the stadium itself, said Geoff Patnoe of the 15-member task force.

Discussion

"The task force is recommending that there should be no impact on the city's general fund, and no public funds should be used in the construction of the stadium," he said after the task force met Thursday night.

The panel also voted down a motion under which any leftover tax-increment funding, after building a park or infrastructure improvements, would be available for stadium construction.

The meeting was the panel's second to last. Next Thursday, the panel is expected to adopt a report that will be submitted to the City Council.

Patnoe said that he expected the panel to make a recommendation to the council on Feb. 28 and to deliver the report by March 6.

Because no overall redevelopment plan exists for the stadium site, it was unclear how much money might be generated annually from tax increments, Patnoe said.

The panel has been considering several options for a new football stadium: leasing the property to the Chargers and letting the team develop it; finding or creating a new revenue stream, perhaps from a sales tax increase, to help fund the stadium and associated redevelopment; and the Chargers' proposal of building a stadium with 50 percent public financing.

The Chargers want a 50-50 partnership with the city for building a $400 million stadium on a 166-acre city-owned site.

"This is the most substantive policy statement the task force has made," Chairman David Watson said after his panel voted against the use of public funds. "We've said no public funds for a stadium."

Watson also said that the Chargers had not disclosed enough financial information "to make the case" for a new stadium, with the National Football League providing revenue information but no data on expenses.

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