Economic and Fiscal Impact Studies
ECONOMIC AND FISCAL IMPACTS OF A NEW NFL STADIUM
City of Carson, California
David consulted for the City of Carson as it pursued the development of a new NFL stadium for the San Diego (now Los Angeles) Chargers and Oakland Raiders. At the time, Carson was competing with nearby Inglewood as a relocation candidate. David’s work was focused on quantifying the economic and fiscal impacts of the stadium, as they would form the City’s primary contributions to the largely private development, and to assist in negotiations with the teams, their financial representative (Goldman Sachs), and the NFL.
Based on preliminary deal terms with the franchises, David developed a financial model of operations (under multiple scenarios) that estimated the stadium’s revenues and expenses, as well as resulting economic and fiscal impacts to the City of Carson. This model was based on actual results from comparable NFL stadiums and other facilities, and adjusted for the Los Angeles market location.
As a result of the modeling, David then participated with the City in its negotiations with Goldman Sachs regarding the implications to deal terms and the ability of the City to participate without pledging existing tax revenues. David also provided the City with comprehensive analyses of deal structure and terms from other recent NFL stadium developments to help guide negotiations.