The San Diego Chargers and Oakland Raiders announced Thursday (Feb. 19) that they’ve collaborated on a proposal to build a privately financed, $1.7 billion stadium in Carson, California, which the teams would share if they relocate to the Los Angeles market, reports the Los Angeles Times.
In a joint statement, the teams said they’ve been working for on stadium solutions in their respective cities for years, and plan to do so through 2015. However, both teams plan to continue to work in Carson to preserve their options in the event that efforts in their local markets fail.
The Raiders and Chargers have been keeping the NFL committee informed of their efforts.
“We are pursuing this stadium option in Carson for one straightforward reason: If we cannot find a permanent solution in our home markets, we have no alternative but to preserve other options to guarantee the future economic viability of our franchises,” the two teams said in the joint statement.
According to ESPN.com, the Chargers came to Carson officials first with the stadium proposal nine months ago and were later joined by the Raiders, which intensified after St. Louis Rams owner Stan Kroenke announced plans in January to build an 80,000-seat stadium in Inglewood.
The Chargers and Raiders are partnering with a local development group on the site of the proposed stadium, a 168-acre parcel of land near the 405 freeway in Carson.
Los Angeles has not had an NFL team since the Rams and Raiders departed for St. Louis and Oakland in 1995.