SDSU ends discussions with FS Investors over Qualcomm Stadium site
SAN DIEGO -- Since the Chargers announced their departure for Los Angeles in January, much of the sports talk in San Diego has been focused on what's next for the Qualcomm Stadium site in Mission Valley.
San Diego State made their position clear Tuesday afternoon, releasing a statement that announced that they will no longer engage in discussions with FS Investors, whose plans are to build an MLS stadium that would be shared by the SDSU football team.
SDSU would like to use the land for not only football, but also to improve the university as a whole, which they claim the current negotiations did not allow.
https://www.youtube.com/watch?v=lk_hQETnzAo
Of note from the statement was the following:
"While SDSU’s current campus footprint of 238 acres is sufficient to support the University’s aspirations in the short term, we have long-articulated the need for more space for the advancement of the University over the next 50 years. The Mission Valley opportunity is a once-in-a-generation chance for SDSU to expand its research, tech transfer, collaboration space and other future needs, as we continue to ascend toward becoming a top 50 public research institution.
With these concerns and motivations in mind, SDSU will not engage in any further discussions with FS Investors. We urge the City of San Diego to pursue a transparent RFP process to develop a plan that will accomplish the community’s vision for this vital property, and serve the San Diego Region for decades to come."
Read the full statement from San Diego State below.
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SDSU Statement Regarding Qualcomm Stadium Site
SAN DIEGO (May 16, 2017) – San Diego State University has issued the following statement regarding the Qualcomm Stadium site:
For well over a year, San Diego State University has engaged in discussions with FS Investors on a possible partnership opportunity at the Mission Valley site. Unfortunately, a fair, equitable deal that would provide opportunity for the long-term success of SDSU and Aztec football, as well as a transparent deal for the citizens of San Diego, could not be reached.
Recently, Mayor Kevin Faulconer reached out to SDSU in an attempt to facilitate a deal on behalf of SDSU with FS Investors. SDSU reiterated our offer to purchase land and to provide our fair share of infrastructure costs, but still no agreement could be reached.
While SDSU’s current campus footprint of 238 acres is sufficient to support the University’s aspirations in the short term, we have long-articulated the need for more space for the advancement of the University over the next 50 years. The Mission Valley opportunity is a once-in-a-generation chance for SDSU to expand its research, tech transfer, collaboration space and other future needs, as we continue to ascend toward becoming a top 50 public research institution.
With these concerns and motivations in mind, SDSU will not engage in any further discussions with FS Investors. We urge the City of San Diego to pursue a transparent RFP process to develop a plan that will accomplish the community’s vision for this vital property, and serve the San Diego Region for decades to come.
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About SDSU
San Diego State University is a major public research institution that provides transformative experiences, both inside and outside of the classroom, for its more than 36,000 students. The university offers bachelor's degrees in 91 areas, master's degrees in 78 areas and doctorates in 22 areas. Students participate in research, international experiences, sustainability and entrepreneurship initiatives, internships and mentoring, and a broad range of student life and leadership opportunities. The university’s rich campus life features opportunities for students to participate in, and engage with, the creative and performing arts, a Division I athletics program and the vibrant cultural life of the San Diego region. For more information, visit www.sdsu.edu.
