Dec 14th 2011. The National Football League owners revived a messed up stadium loan program Wednesday. This could provide $200 million for the Chargers to build a new venue in East Village that's estimated to cost $800 million or more.
The Chargers team estimated it could get $100 million from the league if it restored its low-cost loans, which dried up in 2006, to the comparable levels that had existed before.
The Chargers special counsel Mark Fabiani called the league's announcement "great news for the team and our fans."
"As much as $200 million in league loans and assistance might now be available to us," Fabiani said. "The final amount will depend on a variety of factors, set forth in the resolution passed by the owners today, and we will be crunching numbers in the coming days."
Read The Full Story:
http://www.signonsandiego.com/news/2011/dec/14/nfl-revives-stadium-loans-chargers-rejoice/
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