SAN FRANCISCO (Reuters) - The National Football League’s Chargers will remain in San Diego for at least another season as the team works with the city on plans for a new stadium, Mayor Jerry Sanders and team owner Dean Spanos said on Monday.
The NFL franchise will not exercise an option this year to give up its lease to Qualcomm Stadium as it looks at the feasibility of developing a bus maintenance yard as a site for a new stadium, a joint statement released by Sanders’ office said.
“To give this ongoing process every chance to succeed, the Chargers have announced that the team will not trigger the lease’s termination clause in 2012,” the statement said.
The Chargers’ lease on aging Qualcomm Stadium expires in 2020. The team may exercise its option to leave the stadium each year until then if it decides to move to another city.
Reporting by Jim Christie; Editing by Andrew Hay