Raiders and Chargers moving to LA? Propose $1.7 billion shared stadium

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The San Diego Chargers and Oakland Raiders, rivals on the field, are moving forward together on a plan to build a $1.7-billion NFL stadium in Carson that they will share.

The Chargers and Raiders will continue to seek public subsidies for new stadiums in their home markets, but they are developing a detailed proposal for a privately financed Los Angeles venue in the event they can't get deals done in San Diego and Oakland by the end of this year, according to the teams.

In a statement given to The Times on Thursday, the Chargers and Raiders said: “We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises.”

Read more: http://www.latimes.com/sports/la-sp-nfl-stadium-20150220-story.html#page=1
 

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Joint statement:

Joint Statement from the Raiders and the Chargers
Thursday, February 19, 2015 6:55 PM PST
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By Chargers.com

  • We have both been working in our home markets to find a stadium solution for many years, so far unsuccessfully.
  • We remain committed to continuing to work in our home markets throughout 2015 to try to find publicly acceptable solutions to the long-term stadium issue.
  • We also both understand and respect the NFL’s relocation process, and we intend to adhere strictly to the relocation procedures that the League has set forth for Los Angeles.
  • In particular, we respect the right of the NFL’s owners to decide on all Los Angeles-related relocation issues and understand that any relocation application that is filed for Los Angeles must obtain the approval of three-fourths of the NFL’s owners.
  • Both teams have kept the NFL owners’ committee on Los Angeles, and the Commissioner, fully informed about our joint efforts.
  • We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises.
  • In short, for the remainder of 2015, we intend to move down two tracks simultaneously:
    • On track one, we will continue to work in our home markets to find permanent stadium solutions that are publicly acceptable.
    • On track two, we will work in Carson to preserve our options, and the future economic viability of our franchises, in the event that our efforts in our local markets fail.
  • Throughout this process we will respect the rules and procedures set forth by the League and defer completely to the ultimate decision of the NFL’s owners.


 

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I remember the rumor was the Seahawks would move back to the AFC. And the Raiders/Chargers to the NFC.

I hope this happens
 
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