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San Diego City Council approves stadium lease extension for Aztecs

Posted: 6:02 PM, Aug 06, 2018
Updated: 2018-08-07 01:36:40Z

SAN DIEGO (KGTV) -- San Diego State will continue to call SDCCU in Mission Valley its home, but it will cost them. San Diego city Council approved A two-year lease extension at the stadium for $1.1 million.

Under the agreement, the city will also get the full amount of concession and parking revenue which generates approximately $750,000.

The Aztecs current lease agreement expires at the end of 2018. The university was previously paying a dollar per ticket. Head football coach Rocky Long was among the dozens of supporters in Council Chambers saying the decision to extend the lease is more than just football.

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The only Council member that voted against the extension was Scott Sherman. Sherman questioned if it was the best deal for the city and for taxpayers.

He wanted to go back to the drawing board to come up with a more lucrative deal for the city. “Taxpayers have told us time and again they do not want to subsidize sports. We asked SDSU to come to the table with a better plan, and they came back with the exact same deal. What they are paying does not even pay for the utility bill for the year.”

The stadium Operates at a $4.6 million deficit