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The Los Angeles Times is on location today at this month’s National Football League’s owners meeting in New Orleans, reporting that the league now estimates it would cost $1 billion to construct a stadium in Los Angeles or Anaheim.
The Chargers have less than three months before they can begin talking to cities outside of San Diego County about relocating. We reported last month that cities haven’t geared up to begin courting the team, but Los Angeles and Anaheim are among the cities who are mulling a run at an NFL team.
According to the Times:
That’s more than double the cost estimates of a few years ago, and $200 million more than last spring’s estimate. The main reason for the increased price tag is the rising cost of construction.
You can read the article here.