Quote:
Originally Posted by mello
Regarding the Chargers stadium and PSL's the team keeps saying they think they can only get 150 million maximum. I find it hard to believe that from Newport Beach out to Temecula to the border you couldn't find 15,000 wealthy to upper middle class fans willing to shell out 20k for PSL's. There are a ton of rich people in the area I describe and then don't discount diehard contractor type dudes willing to pay 200 per month over 10 years on a financing plan either. The math works out to 300 million in PSL's from my scenario. What do you guys think? Remember the 49ers drew from Santa Rosa down to Carmel for their Personal Seat Licenses.
|
Not sure I see the same opportunity with PSLs that others are projecting.
For starters, even if the Charges build a new stadium, I am 95% sure a stadium is going in LA either in Inglewood (SL Rams) or Carson (Raiders). If that happens, I think anything in the OC would shift to the LA team not the SD team.
Secondly, how far of a net you cast to me depends on what San Diego allows to be built on the 75 acres of Mission Valley that would be sold. My opinion is you would need to make this it's own enclosed 'city' that would be a destination for high wealth folks. This would mean high end hotels and restaurants w/o low end ones. The reason for this is to sell people who are over an hour away a PSL, you're going to need to sell them on the entire weekend and not just the game. If the stadium was going DT, I would have a much different opinion.
That said, I am happy to see they are not using 'economic impact' numbers of big games like the Super Bowl or College Football in their forecast. While the opportunity exists, that should be icing on the cake.
If you remove the Super Bowl, there is a LOT of money in college football. Especially high profile bowl games. The economic impact of the Cotton Bowl in Arlington is about $30M a year. Every year.
With a new stadium and surrounding campus, I would hope that eventually the profile of the Holiday Bowl could be improved. Right now the two bowl games (Holiday and Poinsettia Bowl) have a combined impact of $30.7 million. Every year. It's not hard to see this increasing.
Beyond this, San Diego is a Navy town and Navy plays Notre Dame every year. Right now, this game is a home (Notre Dame) and away in a large stadium (Navy) each year. But there is a push to move this game to San Diego every year.
As a ND fan, this actually has some legs. Here is why:
ND plays Navy out of respect for the Naval Academy for moving officer training there during WWII. Without this, Notre Dame would have had to close its doors. Outside of the tradition and respect, there is little value to the game for ND.
Beyond this, ND is a national school that needs to play all over the US for exposure purposes. They have a Shamrock Series (Dublin Ireland, Chicago, Boston, etc) where they play a home game on the road. This is a well received game. They also have an ongoing series with both USC and Stanford and rotate playing one team in CA and one team in South Bend. The challenge with this is they only get to profile themselves in the very, very, fertile Southern California recruiting area every other year when they play in LA.
Because of this, and when you consider the Navy stuff, Shamrock Stuff and SoCal recruiting stuff, it's not that hard of a reach to see ND and Navy being sold on playing in San Diego every year.
It would be easy to put the economic impact of this game at $10m per year because Notre Dame fans travel and travel well. When they played in Dublin, 30,000 people went.
So I think even without looking at SDSU, a new stadium could bring in over $50M a year in economic impact for just 2-3 games. Over 15 years that's a hell of a lot of money.
Prev
Linear Mode
