Moving One Step Closer to Finalizing the SDSU Deal

November 18, 2019

https://facebook.com/bry4sd/videos/386714452243888/

Over a year ago, San Diego voters overwhelmingly approved Measure G to allow SDSU to purchase the Mission Valley Stadium site. Today, the City Council took an important step forward by unanimously directing the City Attorney to prepare a purchase and sales agreement (PSA), for the Council to receive an update in mid-December and that the draft PSA be docketed at the first meeting possible in January.

My goal is to close this transaction as soon as possible to remove this liability and the $30,000 a day in costs from the city. We can’t afford not to move this project along in a timely manner.

I want to thank Councilmember Sherman. Although we were on opposite sides of Measure G, we have been united in our call for a transparent, fair and timely process. It has been crucial that these proceedings take place in a public setting. After more than 100 closed-door meetings with costly consultants, Councilmember Sherman and I demanded that negotiations take place in a public setting.

Getting to this juncture has not always been linear. In June 2017, less than six months after taking office, I took a stand against a SoccerCity land grab and dared to ask what San Diego might look like in 50 years if we took the time to thoughtfully shepherd a project that expands the River Par, is economically beneficial, socially responsible, and affirms our city’s identity as an international hub for innovation. Today, we move one step closer to this vision.

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