NEWS RELEASE
| Contact: |
Dan Shea
(619) 756-8887
|
Chargers/City Dispute Resolved
Through many months of work on the part of a lot of people, the dispute between the City and the Chargers was resolved. The key elements of the compromise:
- Eliminates the ticket guarantee
- Eliminates the renegotiation (trigger) rights
- Keeps the Chargers in San Diego at least through the 2008 NFL Season
- Allows the City to obtain a substantial termination fee if the agreement is terminated before 2020
- Terminates pending litigation
- Provides the voters two opportunities (2006 & 2008) to decide on a stadium initiative
- Provides for the basic foundation, and time, for the City/Chargers to explore and evaluate real opportunities for a new first class stadium in San Diego and to let the voters decide the issue
Our appreciation goes out to all of you who have participated by writing to the City Council and expressing your opinions. Your efforts have been key to providing the extra time needed and the political will for finding a solution to this dispute.