San Diego State gets $15M for new stadium More details.
SDSU has 132 acres already (site), "Mission Valley" - $87M.
The field was named for $15 Million. Guaranteed looking for a big naming donor. I believe the campus also is responsible for demolishing Qualcomm.
San Diego Union Tribune: "SDSU awards $250M contract for Mission Valley stadium" Clark Construction.
Funding? Revenue bonds
"Both economists were also skeptical that a 35,000-capacity facility could book enough concerts and other events to cover the gap between football revenue and an estimated annual debt payment of around $18 million. Plus, high-end, high-cost uxury boxes and club seats, which could help juice revenue, don’t typically make sense at the college level, and particularly not for the SDSU program, Zimbalist said.
Wicker, the athletic director, downplayed any financial concerns.
“We’re not going to build something that we can’t pay for,” he said, noting that the CSU Board of Trustees won’t approve bonds without the proper assurances."
https://www.sandiegouniontribune.com/business/growth-development/sd-fi-sdsu-mission-valley-stadium-clark-construction-20190228-story.html
NBC: "The Aztecs want to have it ready by the start of the 2022 college football season and are hoping to lure professional soccer, concerts and major NCAA events."
"SDSU says part of the stadium plan does include potential expansion to 55,000 seats if a National Football League team ever returns to San Diego."
Football Stadium Digest
https://footballstadiumdigest.com/2019/10/sdsu-increases-offer-for-sdccu-stadium-site/