The Chargers told local unions they will pump money into efforts to keep land values low and fight gentrification near their new home if they win their bid to build a new $1.8 billion downtown convadium.
In an Aug. 9 letter obtained by Voice of San Diego, Chargers owner Dean Spanos told the San Diego Building and Construction Trades Council that the team would help establish a community land trust for Barrio Logan, Sherman Heights, Logan Heights and other neighborhoods that would most likely see increased property values that could displace current residents if the stadium was built.
The community land trust would be a nonprofit corporation that could purchase and develop land to benefit the neighborhood’s existing residents. Traditionally, land trusts buy land near new projects so nearby development can’t increase property values and risk pushing working-class families out of the neighborhood.
Carol Kim, director of community engagement at the trade council, says the land trust would be controlled by a newly formed community development corporation, a nonprofit group that reinvests in underserved communities.
She said there have been only informal discussions of who would run the corporation, but the understanding is community members would drive the selection process. The details wouldn’t be decided until after the vote, Kim said, but the Chargers would likely supply the trust with funds that range “in the millions.”
“Moving forward, we’re going to convene groups of stakeholders to really start looking at these things,” she said. “We’ll be saying, ‘Look, should this pass in November, and this becomes a much more real thing for these neighborhoods, what has to happen next? What are the bottom lines for the community?’”
We Stand Up For You. Will You Stand Up For Us?
Sports is rigged, "by the numbers". The city of San Diego should not support a corrupt NFL. https://www.youtube.com/watch?v=e5b66Jf75pM
Barrio Logan residents have good reason to dismiss the Chargers' disingenuous wooing of support for a publicly financed downtown stadium, as do residents of San Diego as a whole. Spanos and company have tried every trick in the book (for more than a decade), to hijack scarce public monies/resources to bolster their already-obscene profits at the tragic expense of funding critically neglected or discontinued city services. Wake up, voters. ANY growth in general fund revenues, ESPECIALLY those derived by increasing the local Transient Occupancy Tax rate, should be applied to the gaping wounds of deteriorating city infrastructure and woefully underfunded/understaffed city departments. Spending such monies on corporate welfare, for an independently wealthy industry that drains public coffers with no proven returns to communities other than a few days of entertainment each year, is simply insane.
Spanos has already shown what kind of person he and his organization is. This is more smoke and mirrors, the Chargers want out of San Diego, they are going through this charade because the NFL told them they had to. Spanos cares for Latinos as much as Trump does. Just like Trump, whatever Spanos promises, Latinos & San Diego will be double crossed.
I'd like to know which already overpriced Barrio Logan properties the Chargers intend to purchase for a land trust. There are so few properties available here that I doubt they could make it happen. And if they do will it happen before my fellow residents and small businesses are pushed out or before? If after, then it'll be too late.
Thank you Councilman Alvarez. Your assessment of the Charger's offer is right on. It's non-binding from a for profit organization who has mislead community members before. Chargers should make all promises legally binding on themselves and pay for their own stadium....period.
"His constituents are skeptical of the project, he said, because the Chargers weren’t forthright with their plans when they first pursued putting a behemoth project in their backyard.
He said he wants to see decisive, legally binding language that will
hold the team and the city accountable for mitigating the impacts
neighborhoods might face."
How could you possibly create higher property values for existing neighborhood residents next to a stadium? They will certainly face increased traffic, parking congestion and noise issues; none of which is conducive to higher property value.
It's not just a convadium. It's an entire entertainment district with bars, clubs, sports themed shops, condos, restaurants and whatever else. Barrio Logan's mixed use zoning makes the properties even more valuable. All that stuff will leach into here. Driving property values up and us renters out. It'll be a new Gaslamp District on the remains of what was once San Diego's most historic barrios. Property values here have already skyrocketed. They're only going higher if that stadium moved in a block away.
@Dean Plassaras So that's why you failed as a developer. You want to take a look at what happened to Inglewood property values in the last 8 months?
@Dean Plassaras --Just curious, but didn't property values rise in the area around Petco Park when it was built? (But this is still no reason to build a convadium thingy downtown)
The Chargers would promise to have the sun rise in the west and set in the east if we would just vote to build them a new convadium thingy.
The Chargers have made a bunch of empty promises. None of them will ever happen because they aren't part of the referendum. The Chargers don't care about San Diego just look at the ticket guarantee and the ACA lawsuit.
I hope none of the young folks in those Barrios are enrolled in a non-union STATE APPROVED apprentice program because they won't get to work on the project. The Union only Project Labor Agreement will insure hundreds of local hard working folks won't be allowed to step foot on the project. Welcome contractors and workers from out of town!
Just the prospect of a stadium in the East Village has driven property values up in our barrios. Just imagine what would happen if San Diego voters are gullible enough to gift the Chargers a stadium. With the vast majority of residents and businesses renting their homes many will get pushed out before the stadium even opens.