Report: Qualcomm Stadium operating at $17M annual loss

A report released Wednesday by the county grand jury labels Qualcomm Stadium a losing proposition, finding that the city-owned facility has an annual operating loss of more than $17 million.

“It goes without saying that the stadium was built for the Chargers and it follows that city revenues from Chargers operations at Qualcomm Stadium should at least cover operating expenses,” the grand jury report says.

According to the report, the city’s direct operating losses for Qualcomm Stadium in 2010, after crediting net rents paid by the Chargers and excluding efforts by the city to mitigate the shortfall with other events, are about $17.1 million.

The city collects $2.5 million per season in rent from the Chargers, plus 10 percent of any post-season ticket sales, according to the grand jury. The Chargers retain all revenues from sky boxes, advertising and parking at the stadium.

In comparison, the grand jury found that the Tampa Bay Buccaneers pay a fixed rent of $3.5 million per season, plus a minimum of $3.5 million from the sale of club seats and a surcharge of up to $2.50 per ticket for the use of its stadium. The Buccaneers retain parking revenues, advertising and marketing rights for the stadium.

The grand jury also weighed in on plans for a new $800 million stadium for the Chargers. The team is proposing to invest about $200 million to build a 62,000-seat stadium, according to the grand jury. The rest would likely be financed through public tax dollars.

“If the city proceeds with a new publicly financed stadium, the city will have to negotiate materially tighter terms with the Chargers than are currently in place,” the grand jury report says.

The grand jury also said a “favorable resolution” needs to be found for the $52 million in outstanding debt from the renovation of Qualcomm Stadium in 1997.

Related posts:

  1. Chargers begin practice; fans not allowed to watch
  2. MTS urges Chargers fans to take buses, trolley to playoff game
  3. Chargers individual tickets on sale July 17
  4. San Diego agrees to explore creation of downtown stadium
  5. Chargers set last public practice for Wednesday night

Short URL:

Posted by on May 19, 2010. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply



Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6






  • Pacific Ridge School student-run publication honored by Columbia Scholastic Press Association
    Global Vantage, a print and online magazine run collaboratively by students from Pacific Ridge School, Kibera Girls Soccer Academy (Kibera, Kenya), and Canyon Crest Academy, has been honored with the Columbia Scholastic Press Associations’ Edmund J. Sullivan Award. Edmund J. Sullivan, the longtime Executive Director of the Columbia Scholastic Press Associati […]
  • Horizon Prep Spanish Speaking/Spelling Bee
    The Spanish Department will have to get a longer, harder list of words for next year’s Spanish Speaking/Spelling Bee, because the students aced this year’s list with ease! “The third graders ran through 120 words and the fourth graders ran through 170!” said Horizon Prep Spanish Teacher Karen Beltran, “We even ended up with a […]
  • Horizon Prep Spirit Run 2014
    At Horizon Prep, circling the track means sending funds around the globe.  Every year, more than 500 preschool through 8th grade Lions lace up and count laps for Spirit Run.  Since 2006, students have raised more than $414,400 for various Missions projects around the world. This year students are raising money to continue supporting a […]