The NFL’s San Diego Chargers announced the appointment of Fred Maas as Special Advisor to Chargers’ Chairman Dean Spanos last week. Maas will advise in regards to the team’s Stadium Initiative Project, following their decision to stay in their home city for the upcoming season.
Both the Chargers and Oakland Raiders had been eyeing a possible move to Los Angeles, as reported in the Showcase Special edition, as had the St. Louis Rams; now the Los Angeles Rams, following NFL owners approval for the team to move to the Southern California city for the start of the 2016 season, ending the League’s 21-year absence in the United States’ second-largest TV market.
The Rams, who have won one Super Bowl since leaving Los Angeles in 1995 for St. Louis, will play their home games at the Los Angeles Coliseum until their USD$1.86bn stadium in Inglewood, roughly 10 miles from downtown Los Angeles, is complete.
The Inglewood stadium project will be privately-financed, making it a steep buy-in for the Chargers; who will have an option to move in with the Rams next year. If the two teams cannot work out a deal, then the Raiders will be given the next option to work out a deal with the Rams.
Mr. Maas, the former Chairman of San Diego’s Centre City Development Corporation, will advise Spanos and the Chargers on the Citizens’ Initiative process, including the exploration of possible stadium financing plans that would be publicly acceptable, the drafting of the initiative document, and the creation of the campaign infrastructure necessary to give the Citizens’ Initiative the best possible chance of success.
Mr. Maas will be working closely with an established team of legal, financial and land use advisors.
As for the Oakland Raiders, they announced last Thursday that they have reached a one-year lease extension agreement, keeping the team in the San Francisco Bay Area city for the upcoming NFL season.
Raiders Owner Mark Davis told a news conference that its agreement with the Oakland-Alameda County Coliseum Joint Powers Authority also includes one-year extension options for the following two years to stay at the O.co Coliseum, which was built in 1966 and renovated for USD$120m in 1995.
About Fred Maas
Fredric Maas is currently the President and Managing Director of MRV Systems LLC, a manufacturer of marine robotic vehicles for the oceanographic, intelligence and defense industries, and is the Founder and CEO of Pacific EcoCompanies LLC, an investment and advisory firm focused on clean technologies and sustainable development. He previously served as a Principal in the real estate and land development business. In that capacity, he was a partner at Potomac Sports Properties, exclusive developer of the PGA TOUR’s Tournament Player Club communities, and was the developer of Black Mountain Ranch in the city of San Diego, site of the Santaluz and Del Sur neighbourhoods.
He also served as the Chairman and CEO of the Centre City Development Corporation, downtown San Diego’s redevelopment arm, for several years during its tenure, and served as Mayor Jerry Sanders advisor on a downtown sports and entertainment district. For the past 30 years, he has served as a consultant and advisor to numerous political campaigns for federal, state and local offices.