So last week this happened:
SoccerCity could deliver an annual $2.8 billion economic boost to the region at full buildout of the Qualcomm Stadium site, according to projections released Thursday by the San Diego Regional Economic Development Corp.
I’m not going to go to the trouble of showing you all the EDC’s calculations, because it’s easy enough for you all to join me in hollering, “NO IT WON’T!” Adding up all the future wages paid at a complex and calling that an “economic boost to the region” only makes sense if all of those jobs would only exist in the region with the complex, and nobody believes that.
This proposal started out really promising, with a soccer stadium and housing and light industry all for no public money, but between the possible $240 million infrastructure and land cleanup cost and this overblown economic impact study, it’s starting to look less like the exception than the rule. Not that it would necessarily be a disaster for San Diego, but it requires a hard, hard look before it goes before voters for approval.