With an Industry NFL stadium looking more likely, newspapers are busying themselves with the game of figuring who’d play there. The Los Angeles Times declares the San Diego Chargers the frontrunner “because the Chargers have a window each year to get out of their Qualcomm Stadium lease without the threat of a lawsuit.” The Jacksonville Jaguars, who are blacking out their entire season on TV thanks to poor ticket sales, are considered next most likely, with the Minnesota Vikings, St. Louis Rams, Buffalo Bills and Oakland Raiders earning honorable mention.
Of course, the Times also notes that Industry developer Ed Roski wants to own part of whatever team moves to his new building — but wants to pay for it not with cash, but with development rights to other parcels in Industry, which is a bit dicey, considering that “California development rights” is the new “swampland in Florida.”
The Chargers, meanwhile, are rushing to take advantage as their newfound belle of the ball status, meeting today with Escondido officials to discuss a new stadium there. Ironically, the team’s main demand there is development rights, though a North County Times estimate shows that they’d actually want a huge swath of the city’s property:
In order to generate $400 million in revenue, the ancillary development would have to be either 1,400 condos, a retail complex significantly larger than the Westfield North County mall or about 2 million square feet of office buildings, which would nearly double the amount of office space in the city.
Escondido, the paper notes, currently has two half-built condo complexes sitting empty, and a 30% vacancy rate on its existing office space. I know it’s old-fashioned, but the Chargers really might want to hold out for actual cash.