INDIANAPOLIS – Friday’s formal announcement of a proposal to build a privately-financed, $1.7 billion stadium in Carson that the Raiders and San Diego Chargers would call home was more pep rally than press conference.
A series of local civic officials took turns at the podium, patting themselves on the back for 46 minutes.
Raiders officials were not in attendance. The Chargers had just one major representative in Carson, Chargers stadium front man Mark Fabiani, though he did not speak during the press conference.
Local leaders were light on details of the project, focusing more on exciting the crowd before them. One thing was crystal clear: the region is unified in support of this stadium proposal.
The same can’t be said of stadium efforts in Oakland or San Diego, where little progress has been made in recent years.
A petition must get the signatures required to put a measure on the ballot to formally approve a project officials said would require no new taxes and no use of the city of Carson’s general fund.
Tim Romer represented global investment firm Goldman Sachs at the event, and stated that the project seemed financially viable. Stadium financing would follow a basic model properly execution of Levi’s Stadium in Santa Clara, where the 49ers raised construction funds through the sale of personal seat licenses, naming rights and corporate sponsorships.
The stadium proposal would be executed if the Chargers and Raiders failed to finalize an agreement to stay in their respective home markets in roughly a year’s time.
If that were the case, Carson would welcome both teams to town.
“Chargers and Raiders, we understand that you are working on solutions in your home market,” Congresswoman Janice Hahn-D said at the press conference. “If that doesn’t work out, we welcome you with open arms here in Carson. We will give you a beautiful new stadium. We will be loyal and enthusiastic and root you on.”