The Oakland Raiders and the San Diego Chargers could be teaming up to construct a $1.7 billion NFL stadium that will be located in the Los Angeles area. Both teams are still attempting to get new stadiums in the San Diego and Oakland areas, but if those do not work out, they plan on moving forward with the joint stadium. While both teams may not play nice with each other while on the field, it is a relationship born from necessity. The Raiders do not have the funds to move forward with a new stadium on their own, and the Chargers simply can not get one approved to build with public funds. This proposed solution will leverage private funding.
In a statement provided to The LA Times, 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.”
Also according to the LA Times, the coalition “Carson2gether,” a group of business and labor leaders, are expected to hold a press conference to announce the plan for the joint stadium on Friday.