Councilman Scott Sherman compares SoccerCity, Friends of SDSU plans

Councilman Scott Sherman compares SoccerCity, Friends of SDSU plans
Posted at 3:18 PM, Oct 25, 2017
and last updated 2017-10-26 10:02:36-04

SAN DIEGO (KGTV) - Ideas for the future of the former Qualcomm Stadium site in Mission Valley were given the pro-con treatment by the district's councilman.

And it was met with an almost immediate rebuttal.

San Diego Councilman Scott Sherman released a white paper comparing the competing plans for Mission Valley site. On one hand, San Diegans have SoccerCity, create by FS Investors, and on the other, the newly-announced SDSU West initiative, brought forth by the Friends of SDSU group.

"As an elected official, it is my job to review each proposal, substantial or not to determine whether it is a good deal for taxpayers and the right plan for the City moving forward," Sherman stated in a release.

RELATED: SDSU supporters to launch plan for Mission Valley stadium site

The two measures could compete during the November 2018 general election.

"San Diegans deserve to review the details before committing to placing the measure on the ballot. As I have said numerous times in the past, devil is in the details," Sherman stated.

Sherman said he's been asked about a handful of aspects surrounding the site, on which he focused his comparison: housing, stadium size and cost to taxpayers, value of land and what proponents are willing to pay, SDSU expansion, traffic.

RELATED: San Diego City Council votes to put SoccerCity project on 2018 general election ballot

"Due to lack of specifics, it is impossible to determine the impacts of the 'Friends of SDSU,'" Sherman said. He added that he's urging San Diegans not to sign the signature initiative for the SDSU West's 13-page plan. The group has until the end of the year to collect 72,000 signatures to qualify as a November ballot measure.

SoccerCity, which has submitted as 1,300-page plan, has already qualified for the ballot. Sherman also announced his support for FS Investors' plan back in May.

The final scorecard for Sherman's comparison listed the aspects side-by-side according to information from the competing proposals:

  SoccerCity SDSU West Advantage
Affordable housing 80 - 480 units No Minimum/Maximum SoccerCity
Student housing 800 - 2,000 units No Minimum/Maximum SoccerCity
Market rate housing 800 – 4,320 units No Minimum/Maximum SoccerCity
Overall housing Max of 4,800 units Unknown N/A
River Park size 34 acres 34 acres Tie
River Park cost $40 million Unknown SoccerCity
Payment for River Park SoccerCity Taxpayers SoccerCity
River Park maintenance SoccerCity Unknown; City SoccerCity
Additional park size 25 acres Minimum 22 acres SoccerCity
Maintenance of additional park size SoccerCity Unknown; City SoccerCity
Initial stadium size 23,500-32,000 seats Up to 35,000 seats Tie
Initial stadium paid by SoccerCity SDSU SoccerCity
Expandable? Up to 40,000 seats Unknown Unknown
Expansion paid by SDSU SDSU Tie
NFL option? Separate stadium Expansion of existing Unknown
NFL option paid by NFL Unknown Tie
Land sale price $25.3 million Unknown Unknown
Land lease price $5.3 million/year $0/year SoccerCity
Annual tax revenue Unknown; > $0/year $0/year SoccerCity
SDSU school expansion 10-30 acres Unknown Unknown
Traffic mitigation costs Over $50 million Unknown Unknown
Traffic mitigation paid by SoccerCity Taxpayers SoccerCity

The scorecard is also viewable online here.

"What is clear in this proposal is that it forces the City to sell a taxpayer asset to a taxpayer-funded organization for the privilege of receiving little to no tax generation from the asset. This seems less than ideal," Sherman said of the SDSU West plan.

Friends of SDSU issued a statement following the councilman's release:

“SDSU West is designed to protect the long-term interests of the City, San Diego State University and all San Diegans. Only our initiative carefully balances those interests. We welcome community feedback on the initiative, but a public and transparent planning process is imperative to determine the future of the SDCCU Stadium site. SDSU West unlocks the potential for the University to exceed its current $3 billion economic impact and continue growing to meet the critical higher education needs of our region.”

The San Diego Public Land, Public Vote Coalition also released a statement slamming Sherman's comparison, saying:

“Councilmember Sherman is not an objective source on this issue and his white paper is factually wrong on several levels. He long ago supported SoccerCity, despite its many flaws and lack of protections for San Diegans. SoccerCity is and continues to be a one-sided deal that benefits a small group of wealthy developers that are not obligated to deliver on any of their promises, a fact that has been validated numerous times by our own City Attorney.”