City approves agreement with SDSU for buying Mission Valley stadium site
Published - 05/29/20 - 12:15 PM | 1460 views | 2 2 comments | 27 27 recommendations | email to a friend | print
Taking another major step to deliver on a voter-approved vision for Mission Valley, the San Diego City Council on May 29 voted to move forward with a purchase and sale agreement between the City and San Diego State University for the purchase of the Mission Valley stadium site. The historic agreement calls for the development of a world-class campus, multi-use stadium and river park. 

 

“Today a new future for Mission Valley took shape, one with an expansive river park, a new stadium and a world-class campus that will serve our region for generations for come,” Mayor Kevin Faulconer said. “Both parties wanted to get this done right, and the time and thoughtfulness put into this agreement have created a final product San Diegans can be proud of. This agreement is fair and equitable, and I want to thank Council President Gomez, City Attorney Elliott and SDSU for their commitment.”

 

San Diego State University and the City have spent 18 months negotiating an agreement that is fair, protects taxpayers, and fulfills the spirit of Measure G passed by voters in November of 2018. The agreement allows for the expansion of SDSU, 80-acres of park and open space along the San Diego River, and up to 4,600 market-rate and affordable housing units.

 

“We have reached a pivotal milestone moment. SDSU Mission Valley will be a true revitalization of public land in all aspects of the plan,” SDSU President Adela de la Torre said. "We are thrilled to take this critical next step toward closing the sale and creating generational opportunities for all San Diegans.”

 

City Council approval today lays the groundwork for a final Purchase and Sale Agreement (PSA), which requires two City Council hearings for June 9 and June 23. Following those actions, a 30-day referendum period is legally required before Mayor Faulconer can sign the agreement and escrow can be initiated. SDSU expects to take ownership of the property in late July 2020.

 

City Attorney Mara W. Elliott led the City's legal team, which spent considerable time minimizing the City's exposure to liability, protecting the Pure Water recycling program, and avoiding costs to taxpayers and water and sewer customers.

 

"I'm proud that through long and difficult negotiations we reached agreement on the deal San Diegans voted for – one that is fair and equitable and benefits the public," Elliott said. "That's a victory for both SDSU and the City, which was always the goal."

                                                     

SDSU Mission Valley is set to provide educational opportunities for up to 15,000 additional students and expand the university’s economic impact by an estimated $3 billion per year.

Comments
(2)
Comments-icon Post a Comment
Gregroy Hasting
|
June 03, 2020
I have been married with my wife for 6 years and recently she broke up with me and it hurt me deeply when she told me to leave her alone and that she does not love me anymore when i was always faithful and honest to her. I tried all the ways to get her back buying her what she wants like i always did and she still left me heart broken and she even has a new boyfriend which destroyed me even more until a friend of mine from high school directed me to Dr Emu. This man changed my life completely. I followed everything he told me to do and my wife came back. I was stunned everything happened exactly like he told me. I had faith in everything he told me and everything was true. You can contact him via email: [email protected] He will help you in anything you need and quick to answer once you contact him through his whats-app number: 2347012841542

Dnellay
|
June 02, 2020
Ever since my husband lift me and the kids for the past 2 years, i v'e not been my self I was heath broken a day come when i was  reviewing some reading of how i could forget the depression and Heath broken , i saw a testimony shared by Marina from USA about a spell caster named Dr. Okeke how he use his spell to rebuild any broken marriage or relationship. I contacted Marina to confirm about how Dr. Okeke helped her and she clarified everything to me of how he helped her and that gave me the courage to get in touch with Dr. Okeke for help. Dr. Okeke assured me that my days of sorrows will be over within 48hours after he has finished with his work. I followed his instructions he gave to me because i had the believe, faith, hope and trust in him. Verily i say to you today that i and my husband are back together happy never before and i can proudly say and testify to the world of what Dr. Okeke did for me. Contact him today at  ( [email protected] ) or chat him directly on WhatsApp number at 2348140443360 if you seek his help
Comments are back! Simply post the comment (it'll complain about you failing the human test) then simply click on the captcha and then click "Post Comment" again. Comments are also welcome on our Facebook page.
Trending