City has yet another unpleasant real estate surprise for San Diegans

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City has yet another unpleasant real estate surprise for San Diegans
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During the 2022 debate over how to transform the sports arena site, city leaders knew the project might need taxpayer subsidies. But they didn't tell the public.

In September 2022, after the San Diego City Council voted 7-1 to select the Midway Rising development team to make over the city’s valuable, centrally located 48-acre sports arena site, residents were encouraged by city leaders to see the decision as momentous. Mayor Todd Gloria also emphasized that Midway Rising had the “financial wherewithal” to realize its “compelling vision.

Yes, it’s true that project bidders raised this prospect to the city years ago, as a staff memo from just before the Midway Rising vote in 2022 shows. Yes, it’s true that such taxes have been used to subsidize infrastructure in support of private projects. Yes, diversion of new revenue isn’t as onerous as some government cash grabs. Yes, the project still looks like a huge plus for the city.

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