Measure G leaves taxpayers on the hook for $6 million per year in subsidies until the land sale occurs.
Taxpayers are currently spending approximately $1 million per game at SDCCU Stadium.
the city cannot sell the land until a city Ceqa process, sdsu master plan revision, and CSU Trustee ceqa process have completed
According to the City Attorney Memo on 3/1/2018:
“Because any sale of the Existing Stadium Site is subject to the Council's discretionary approval, appropriate CEQA review is required before the City sells the Site.”
“This review is not discussed in the Initiative, but would be required by State law, in addition to the CEQA review performed for the Campus Master Plan revision.”
the last SDSU MAster plan update has taken 13 years… and continues.
Much of the delay was caused by the University’s refusal to pay for required traffic improvements.
“…when SDSU's Campus Master Plan was revised in 2005 to expand the campus and the State Board of Trustees declined to contribute its fair share of the costs to mitigate for off-campus traffic impacts, the City and other local agencies filed a lawsuit challenging the EIR prepared for the expansion. The California Supreme Court ultimately ruled in the City's favor.” (City Attorney Memo on Measure G, Page 9, footnote 37)
The San diego independent budget analyst projects taxpayer subsidies of $5-7 million per year to continue operating the stadium
“Operation of the stadium currently represents a net cost to the City, with an operating deficit of $3.3 million projected for FY 2018, and a deficit of $7.3 million budgeted for FY 2019.”