The San Diego Chargers will not be moving north to Los Angeles in 2012. The troubled team and the S.D. mayor's office will announce today that they will be working on a plan to build a new stadium in the East Village of the seaside city.
In a joint statement with San Diego Mayor Jerry Sanders, the club and the city will announce ongoing plans to continue their work in moving the Bolts from the aging Qualcomm Stadium.
Although the Chargers' lease with the city doesn't expire until in 2020, the team has an option to call an audible during a three-month period each year that would allow them to terminate the lease without fear of being sued by the city as long as they pay off existing bonds.
"The City of San Diego and the Chargers continue to work closely together to explore publicly acceptable ways to build a Super Bowl-quality stadium on the bus maintenance yard site in the East Village of downtown San Diego," the statement will say. "To give this ongoing process every chance to succeed, the Chargers have announced that the team will not trigger the lease's termination clause in 2012. Both the Mayor’s Office and the Chargers look forward to continuing their joint efforts to build a multi-use stadium that will benefit the entire region."
This is good news for fans of the Oakland Raiders, the St. Louis Rams, and the Minnesota Vikings with hopes to see their team move to Los Angeles and make a home out of the proposed $1.3 billion AEG-financed Farmers Field next to Staples Center. Those teams, as well as the Chargers, have been rumored to be considering a move to downtown L.A.
Farmers Field could open in 2016 if all goes right, but has several obstacles to hurdle, such as securing a football team, a small necessity before AEG would break ground.