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Old Posted May 17, 2017, 8:19 PM
Lipani Lipani is offline
It could be worse!
 
Join Date: Nov 2010
Location: San Diego
Posts: 1,194
Not much of a surprise here. SDSU hasn't really agreed with FS Investors on anything.

SDSU Drops Out Of Talks To Be Part Of Soccer City Development
By City News Service

Quote:
San Diego State University announced Tuesday that it has ended negotiations with the group behind the Soccer City development proposed for Mission Valley, and called on the city of San Diego to issue a request for other proposals for use of the Qualcomm Stadium property.

SDSU officials previously expressed reservations about the Soccer City plan, which would include a joint soccer and college football stadium, a river park, housing and commercial space. The 166 acres became available when the Chargers announced their move to Los Angeles.

La Jolla-based FS Investors created the plan for the development, which could go before voters in November.

Last month, the developer turned in signatures in support of the project to the county Registrar of Voters. If enough are valid, the City Council will have to schedule a public vote or approve the plan outright.

"For well over a year, San Diego State University has engaged in discussions with FS Investors on a possible partnership opportunity at the Mission Valley site," a school statement said. "Unfortunately, a fair, equitable deal that would provide opportunity for the long-term success of SDSU and Aztec football, as well as a transparent deal for the citizens of San Diego, could not be reached.
Full article: KPBS

Last edited by Lipani; May 17, 2017 at 9:22 PM.
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