Raiders Rumored To Be Presenting Plan For New L.A. Stadium To NFL Owners In New York
LOS ANGELES (CBS/AP) – The Oakland Raiders were rumored to be presenting its plan to NFL owners in New York this week for a joint stadium in Los Angeles.
A financial analysis projects that the proposed NFL stadium in Carson, California, would need two teams to call it home to be a reliable money-maker for the city.
The San Diego Chargers and the Raiders plan a shared, $1.7 billion stadium in Carson if both teams fail to get new stadiums in their current hometowns.
Consultant AECOM estimates that with two teams, a net fiscal gain is projected for Carson's budget in each of 40 years.
However, the report conducted for Carson finds that if only one team plays in the stadium, the city budget faces "annual ... losses" in most of the first 30 years.
Chargers attorney Mark Fabiani calls the calculations flawed.
The report was released in advance of a City Council meeting Tuesday on the stadium.
The presentations this week are said to include details on architecture, financing, and the political process in their efforts.
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