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Chargers State They Won’t Exercise Termination Clause in Lease

San Diego Mayor Jerry Sanders and the Chargers have released a joint statement declaring that the franchise will not exercise the termination clause in their lease agreement in 2012.

The two sides will continue to work towards building a Super Bowl-caliber stadium in the city of San Diego.

“The City of San Diego and the Chargers continue to work closely together to explore publicly acceptable ways to build a new Super Bowl-quality stadium on the bus maintenance yard site in the East Village of downtown San Diego,” the statement reads. “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. Both the Mayor’s Office and the Chargers look forward to continuing their joint efforts to build a multi-use stadium that will benefit the entire region.”

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