There already is an $89 million deal to build a new stadium for the Earthquakes near Coleman Avenue. It’s been there since 2008. Now, however, the city wants to make the deal even more attractive to Earthquakes owner Lew Wolff and two local developers in an effort to keep them from backing out. The proposed terms of the new deal would save the developers $4 million and give them an additional two years to buy it. That means that the land, which the city bought for $81 million, would sell for $85 million instead—still a nice profit, considering the current deficit projections. And it would mean that the Earthquakes would finally have a home of their own after playing in Buck Shaw Stadium all these years.
Read More at KLIV.