In our conversation yesterday, Chargers spokesman Mark Fabiani brought up an interesting point that I meant to put into my story today, but didn’t squeeze in.
In most development ideas, the plan has been to build mixed-use development and a stadium on one massive site – and using the proceeds from home sales to finance a stadium.
Fabiani said there’s a new school of thought on how land would be used in a financing deal:
One of the possibilities that emerges here is the possibility of building a stadium on one site and building the ancillary development on another site. I think as this process moves forward that’s the kind of thing you’re going to hear more and more about because it’s going to be very difficult for us to do what we need to do for financing all on one site.
Indeed, officials say one of the biggest challenges in the search for a new stadium countywide has been finding a chunk of land big enough to house the residential and other development and the stadium. A development project that is split between a stadium lot and a development lot would open up more development possibilities – such as those in National City.