{"id":1976,"date":"2019-12-02T11:30:24","date_gmt":"2019-12-02T18:30:24","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=1976"},"modified":"2019-12-02T18:04:53","modified_gmt":"2019-12-03T01:04:53","slug":"san-diego-city-council-strikes-deal-with-sdsu-on-land-purchase","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=1976","title":{"rendered":"San Diego City Council Strikes Deal with SDSU on Land Purchase"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The San Diego City Council unanimously decided to take SDSU up on their $86.2 million dollar offer to purchase and renovate the former Qualcomm Stadium. After a few months of haggling over the university\u2019s claims of a \u201cfair market price\u201d and SDSU\u2019s initial offer of $68.2 million, the vote was made to begin drafting a formal transaction, expected to be approved by January.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Time is of the essence. Councilwoman Barbara Bry noted that the city still spends around $11 million operating the Mission Valley stadium, over $30,000 a day in taxpayer money every day the transaction with SDSU is delayed.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/11\/Shake.jpg\" width=\"315\" height=\"189\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The full plan involves the exchange of a 135-acre parcel of land which would be redeveloped by SDSU into a new stadium, primarily for football, and the construction of a river park along the San Diego River among other conditions. It was approved by voters last November, with progress being made over the past year to get negotiations to this point.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not only would this plan grow the university\u2019s economic impact by around $3 billion, but it would also allow SDSU to accommodate 15,000 more students, and create thousands of jobs. We\u2019ll have to keep a watchful eye on what the future has in store for SDSU and the City of San Diego.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The San Diego City Council unanimously decided to take SDSU up on their $86.2 million dollar offer to purchase and renovate the former Qualcomm Stadium. After a few months of haggling over the university\u2019s claims of a \u201cfair market price\u201d and SDSU\u2019s initial offer of $68.2 million, the vote was made to begin drafting a&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-1976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego City Council Strikes Deal with SDSU on Land Purchase - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=1976\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego City Council Strikes Deal with SDSU on Land Purchase - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"The San Diego City Council unanimously decided to take SDSU up on their $86.2 million dollar offer to purchase and renovate the former Qualcomm Stadium. 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