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Post by SDSU-Alum2003 on Feb 21, 2015 14:37:19 GMT -8
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Post by SD Johnny on Feb 21, 2015 14:38:04 GMT -8
It would pass in a landslide.
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Post by HighNTight on Feb 21, 2015 14:47:40 GMT -8
Now that we have a minor league hockey team coming back to the Sports Arena, it seems like the possibility of the Chargers getting the city to sell that property for development in order to fund a downtown stadium is greatly reduced ...
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Post by pbbroker on Feb 21, 2015 14:56:48 GMT -8
awesome...........
go aztec
FTC ( F*** the chargers / spano & fabi! )
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Post by ab on Feb 21, 2015 16:01:37 GMT -8
Dumb survey with out more pertinent facts such as 1/ how much? 2/ who pays for it? 3/ Cost of removing Q Stadium and building an Aztec sized stadium or renovating the Q?
It's not like the City is going to think SDSU is such a wonderful friend that they'll just hand it over.
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Post by adammclane on Feb 21, 2015 16:14:07 GMT -8
Dumb survey with out more pertinent facts such as 1/ how much? 2/ who pays for it? 3/ Cost of removing Q Stadium and building an Aztec sized stadium or renovating the Q? It's not like the City is going to think SDSU is such a wonderful friend that they'll just hand it over. Not that hard to buy the site. |
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Post by McQuervo on Feb 21, 2015 16:29:14 GMT -8
Its a dump. On campus stadium will happen, stay tuned as this Spano's drama filled BS continues to spew...
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Post by HighNTight on Feb 21, 2015 16:29:37 GMT -8
Dumb survey with out more pertinent facts such as 1/ how much? 2/ who pays for it? 3/ Cost of removing Q Stadium and building an Aztec sized stadium or renovating the Q? It's not like the City is going to think SDSU is such a wonderful friend that they'll just hand it over. Not that hard to buy the site. Not that I think it's needed as there seems to be widespread voter support for SDSU to take over the Q, but the City and SDSU could avoid putting the Sale of the Q on the ballot in the near term by agreeing to a long-term lease of the entire property for say $200M (which the City can then use to help fund whatever the Chargers want) while the City, State and SDSU work out the details of a sale or property swap for voter approval at a later date. As far as funds go, the campaign for SDSU has passed the $500M mark and have extended their goal to $1B, so the purchase of the Q site and stadium would be within the purpose of the campaign and would also be a selling point for corporate donations for planned buildings like the Qualcomm school of technology or naming rights like the Kia motors' Aztec Warrior Stadium. I imagine that Aztecs sponsors would be happy to actually get their signage up in the stadium, and those funds would help in the renovation of the Q into something more Aztec sized and friendly. |
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Post by myownwords on Feb 21, 2015 16:37:11 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8.
Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value.
Meanwhile, our football program is hiring discounts.
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Post by ab on Feb 21, 2015 16:39:41 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. The site is worth at least $700 Mill now. ($500 Mill in 2007) |
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Post by myownwords on Feb 21, 2015 16:45:02 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. The site is worth at least $700 Mill now. ($500 Mill in 2007) That could very well be the case. But I was trying to set the bar on the low side. You know, just as we've done in football. |
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Post by ab on Feb 21, 2015 23:06:02 GMT -8
The site is worth at least $700 Mill now. ($500 Mill in 2007) That could very well be the case. But I was trying to set the bar on the low side. You know, just as we've done in football. Gotcha.  |
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Post by SD Johnny on Feb 22, 2015 4:29:06 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. The site is worth at least $700 Mill now. ($500 Mill in 2007) LOL. Only in Charger fantasyland are real estate prices 40% higher than they were in 2007. In the real world they're still 20-30% less. honk honk. |
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Post by greysuit on Feb 22, 2015 6:46:22 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. If the school buys it and uses it as a campus expansion I doubt they will need to build the additional ramps. |
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Post by myownwords on Feb 22, 2015 7:10:29 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. If the school buys it and uses it as a campus expansion I doubt they will need to build the additional ramps. And the Aztec Stadium would go where? Campus? Now we're back to major infrastructure costs--particularly traffic-- and many years of lawsuits with the surrounding neighborhood. |
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Post by Deleted on Feb 22, 2015 7:41:24 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. The site is worth at least $700 Mill now. ($500 Mill in 2007) Property values have not increased that much , if at all from '07. Keep in mind that'08-'09 happened. |
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Post by Deleted on Feb 22, 2015 7:47:57 GMT -8
Now that we have a minor league hockey team coming back to the Sports Arena, it seems like the possibility of the Chargers getting the city to sell that property for development in order to fund a downtown stadium is greatly reduced ... Minor league hockey will not stop the train from leaving the station. The city might sell it to Ernie Hahn or someone else who could continue to operate it as an arena, or not. |
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Post by Deleted on Feb 22, 2015 7:56:28 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. If the school buys it and uses it as a campus expansion I doubt they will need to build the additional ramps. There are thousands of residents in the new development to the west of the stadium that would disagree with you. |
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Post by greysuit on Feb 22, 2015 7:59:26 GMT -8
If the school buys it and uses it as a campus expansion I doubt they will need to build the additional ramps. And the Aztec Stadium would go where? Campus? Now we're back to major infrastructure costs--particularly traffic- and many years of lawsuits with the surrounding neighborhood. The stadium seats 72,000 today, if they build a 35,000 to 40,000 seat stadium on site there will be less traffic. You also have to remember that the stadium will not be in peak use when the campus extension is so the traffic patterns wont line up for the two uses. Also with the trolley connection the school can provide limited on site parking within the extension limiting the number of trips to the site. Finally this will be a state facility so it will be excemt from city standards. |
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Post by Ambivalent_Fan on Feb 22, 2015 8:18:29 GMT -8
Not that hard to buy the site...if you're Larry Ellison, or Bill Gates, or Carlos Slim. Conservatively, it could bring offers of $300 million or more, from multiple developers, EVEN including clean-up, and another $100 million in traffic infrastructure--such as a connecting fly-over ramp out of the site, to I-8. Other than that, a piece of cake. No matter who buys it, they won't be able to unload it for less than fair market value. Meanwhile, our football program is hiring discounts. The site is worth at least $700 Mill now. ($500 Mill in 2007) 166 acres worth $700M?...that's only $4.2M / acre... Considering a developer would need streets, water, utilities, parks, fire houses, schools, (oh and some environmental clean up) in that large of a project...there would probably be only 120 acres net at most to build on...so another $100M for infrastructure The city would never allow super high density houses...but more or less the same type housing that Liberty Station has...with the potential for just a few high rise type buildings... So now your math looks like: $800M of expenses for 120 buildible acres or $6.7M/acre How many housing units do you think would fit on a acre on average?...relatively low density like Liberty Station...about 8...high density like a downtown high-rise...about 40 (a modest high-rise of 15-20 stories). So if a developer built low density houses...the land and infrastructure would add about $825K for a duplex size home before construction costs (about $60/per sq ft) and developer's profit...so the best senerio is a selling cost of $1.2M-$1.5M for a tightly packed 2,000 sq ft duplex in Mission Valley Building a high rise would cost less per acre (approx. $135K per condo)... But the construction cost are triple that of low-rise housing...plus the extra space needed for parking and common areas...so figure a selling price of $500K-$600K for a 800 sq ft condo... Plus add in all of the permit fees, selling costs, financing costs, and city requirements for affordable housing thrown in the mix... Yup...I can see developers lining up around the corner trying to buy the Qualcomm site for $700M... Now I'm wondering if the site is even worth the $200M that people have bandied about... Did you even try to do the math before you thought about writing $700M in your post?...don't answer...it was a rhetorical question... |
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