Negotiations for San Diego's Sports Arena Remake Move Forward

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San Diego,Sports Arena,Midway District

The Midway Rising development team has entered the second leg of negotiations with the city for the remake of San Diego's sports arena property. The city has published a notice of preparation, initiating the environmental review process and paving the way for finalizing ground lease terms. The project refinements made by the development team over the past year are also revealed.

The Midway Rising development team selected last year to remake San Diego 's sports arena property in the Midway District has moved into the second leg of a negotiation period with the city that should, if all goes according to plan, culminate with a development deal by the end of 2024.

Monday, the city published what's called a notice of preparation, a document that invites the public and other agencies to help define the scope of what is studied in an environmental analysis of the proposed development. The release marks the official start of the environmental review process, as mandated by California's Environmental Quality Act, and is a precursor to finalizing ground lease terms. It also clarifies in greater detail the project components that will serve as the basis for the analysis. As such, the milestone reveals for the first time new project refinements the development team has made to its housing, commercial retail and park plan over the past 12 month

San Diego Sports Arena Midway District Negotiation Development Environmental Analysis Ground Lease Project Refinements

 

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