The Oakland Raiders and San Diego Chargers have finalized a deal to acquire land in Carson, Calif., on which to build a stadium the two teams will share.
The city of Carson, Calif., completed a complex deal Tuesday to acquire a large parcel of land on the site of a former landfill that would be used to build a stadium shared by the Oakland Raiders and San Diego Chargers, according to the Associated Press.
An entity controlled by the city of Carson acquired 157 acres of the land from Carson Marketplace, the company that owned it. An additional 11 acres, believed to be used for parking, were acquired by a new company created by the Chargers and Raiders.
If the proposed stadium is not built, the city would retain control of the land, Chargers lawyer Mark Fabiani said, according to the AP.
The Chargers' stadium taskforce announced plans Monday for a $1.1 billion stadium outside San Diego. The plans for a new Raiders stadium in Oakland are nearly dead, the San Francisco Chronicle reported Monday.
The two teams presented updated plans for the proposed shared stadium last month, estimating the cost at $1.7 billion.
Former San Francisco 49ers executive Carmen Policy, who had been out of the NFL since 2004, said Monday that the Chargers and Raiders have hired him to advocate for the Carson proposal.
"It’s exciting to bring me back to the NFL environment," he told Sports Business Journal's Daniel Kaplan. "My goal is to make sure Carson is presented in the best possible light and put the two teams in a position to be in total compliance with the league."
Mark Davis said he has $500M to give on a $900M potential stadium in Oakland. Describes a funding gap.— Ian Rapoport (@RapSheet) May 19, 2015
- Dan Gartland