The San Jose Earthquakes may not be resurrected after all, according to a San Jose Mercury news report. Property developer Lew Wolff, who wants to resurrect the MLS club, is at loggerheads with San
Jose State University over how to share revenue from a new stadium, which both the university and the Earthquakes would use. Sources told the San Jose Mercury News that the university wants a
guaranteed $6 million per year from the stadium-in part because SJSU would have to devote most of its 63-acre campus to parking for the stadium and practice fields for the MLS team. Wolff offered
around $1 million annually, plus a split of stadium revenues.
"We're at a stalemate," SJSU President Don Kassing said Tuesday. "We haven't reached an understanding about a revenue split."
Kassing is understood to prefer a guaranteed sum to a stadium split. Unfortunately, the stalemate comes at a bad time, as Wolff and the university need to come to an agreement soon or he'll scrap the
entire project. One of the sources cited in the report said the talks "are deteriorating" and that the next meeting could be the final one. Wolff sounded a little more optimistic: "We're hoping to
work it out, but we're not quite there yet."
Read the whole story at San Jose Mercury News »