SAN DIEGO | Boom Rundown, Vol. 2

[dtell04]

Interesting number from the Real Estate Assets Department:
Sold 36 surplus properties with a total value of over $54.7 million; $2.8 million over appraised value (FY 13) - The numbers don't add up in the revenue columns though.
Sold 43 surplus properties with a total value of over $57.0 million ($2.9 million over appraised value) (FY 14)

Goal 2 states that the city owns over 3,800 assets totaling about 120,000 acres. (187.5 square miles)


http://www.sandiego.gov/fm/annual/pd...tateassets.pdf
http://www.sandiego.gov/fm/proposed/...tateassets.pdf

[spoonman]

^What are you getting at?

[dtell04]

Originally Posted by spoonman

^What are you getting at?

Possible way to raise money for the Chargers. Hire more people in that department and sell off more property.

[spoonman]

Originally Posted by dtell04

Possible way to raise money for the Chargers. Hire more people in that department and sell off more property.

Interesting idea. I actually don't believe "public" money is needed. Here is how I think we can get it done:

$150M - SDSU - gets to share stadium and gets portion of Qcomm site
$200M - NFL
$200M - Spanos
$200M - Naming Rights
$100M - PSLs (or maybe $50M psl, $50M from NFL for "loss" of LA market)
-------
$850M Total

No taxes. Doable for NFL, Chargers, SDSU, City, and taxpayers. No vote required. Sell naming rights to Qualcomm, Sempra, Chevy, Hyundai, anyone. I don't believe more than $850M is needed. The site already has the infrastructure.

[dtell04]

Originally Posted by spoonman

Interesting idea. I actually don't believe "public" money is needed. Here is how I think we can get it done:

$150M - SDSU - gets to share stadium and gets portion of Qcomm site
$200M - NFL
$200M - Spanos
$200M - Naming Rights
$100M - PSLs (or maybe $50M psl, $50M from NFL for "loss" of LA market)
-------
$850M Total

No taxes. Doable for NFL, Chargers, SDSU, City, and taxpayers. No vote required. Sell naming rights to Qualcomm, Sempra, Chevy, Hyundai, anyone. I don't believe more than $850M is needed. The site already has the infrastructure.

Looks good like that. Spanos said he doesn't think he should have to give up the naming rights for revenue. Normally teams keep that money, but he's only getting 800k a year for the Qualcomm name. I read he stands to make 100 million more a year by moving to LA.

I also have been wondering, how is the convention center going to be financed, if it still happens? The Chargers dilema pretty much stopped that rhetoric dead in its tracks.

[PadreHomer]

You're going to have to remove the NFL and Spanos' contributions from that number and then get that number to $1 billion to be realistic. Then the NFL and Spanos will contribute on top of that to get the Chargers what they want to stay in San Diego.

[spoonman]

Originally Posted by PadreHomer

You're going to have to remove the NFL and Spanos' contributions from that number and then get that number to $1 billion to be realistic. Then the NFL and Spanos will contribute on top of that to get the Chargers what they want to stay in San Diego.

I thought that it was common knowledge that Spanos and NFL contributions would be $200M each. Why do you believe otherwise? Is it because Spanos' share would be derived from his sale of naming rights, etc and not in addition to it?

I believe with the Qcomm site already entitled, and in use, with adequate infrastructure, $800-850M should be adequate. Cities like Seattle have build their stadiums recently for around $500M. Since the Qualcomm site is already "plummed" for a stadium, I would think it's enough. Everyone else seemed to think so too, until last week when Fabiani said they needed $1.2.-1.5B. I'm not an expert on this, but that's the way I see it, and I don't understand why the number mysteriously skyrocketed in the last month.

[Zapatan]

What's the status on the bosa development? That building is awesome!

[mello]

I don't see why San Diego isn't getting super active in selling off its land. Might as well do it now before the economy goes through another shock. Things are looking pretty stable for the next two years should definitely strike while the iron is hot.

Regarding the bus depot downtown has anyone ever heard of where an alternate location is if an Arena, or large development were to be proposed for that 4 sq. block area? It is looking like Chargers Stadium will remain in Mission Valley so SDfan doesn't have to worry about that gobbling up those precious blocks

The only other place I can see the bus depot going is somewhere north of the new rental car parking garage being built in that area I refer to as "the bowels of San Diego". The no mans land along Pacific Coast Hwy with its random mix of tow yards, industrial, and SPA War.

[Urbanize_It]

As mad as I am about the shared Carson stadium, I have to admit we are nowhere near as bad off as St Louis. They have a relatively new stadium and the Rams are still threatening to leave. The Rams demands look a little heftier than the Chargers as well. Maybe a Rams move is the most likely?http://www.vox.com/2015/1/12/7525143/rams-stadium

[nezbn22]

Originally Posted by Zapatan

What's the status on the bosa development? That building is awesome!

They've got a hole in the ground, so nothing too exciting. But it's on it's way...

[mello]

Another thing to not why isn't Faulconer and this "Stadium Task Force" thinking big about the Qualcomm site? This is the perfect place to do a "Vertical Village" ala Vancouver or Toronto. Why don't these lazy dudes take a flight to those Canadian cities direct from Lindbergh and see how its done. If 4000 Vertical units in dope glassy towers are built along with the SDSU plan I'm sure this thing can pencil out for everyone and provide much needed housing with Faulconer gives lip service to.

[travis bickle]

This will make a lot of people VERY happy...

http://www.kpbs.org/news/2015/feb/23...eals-raise-et/

[spoonman]

^Even if nothing comes of this "investigation", hopefully the limelight will help to slow him down and that this information will raise questions about his future involvement and intentions.

[HurricaneHugo]

Sempra Energy Building:



Wish it was twice as tall...

[dtell04]

Originally Posted by travis bickle

This will make a lot of people VERY happy...

http://www.kpbs.org/news/2015/feb/23...eals-raise-et/

I'm sure there's plenty of people willing to lend their services to bring this guy down. This'll be fun to watch.

[Bertrice]

one paseo vote. shot down. then passed?

[Bertrice]

passed with more affordable housing.
welcome to san diego carmel valley.

[spoonman]

Wow, first Briggs is under fire, now One Paseo passes. Today was a good day.

[mello]

Wow huge changes coming for North County Coastal, One Paseo, Caruso's project off Cannon in Carlsbad (developer of Grove in LA and Americana in Glendale), then Westfield's giant 400 million dollar redo of mall in Carlsbad. I really hope Westfield considers a residential component to that especially after seeing what Kilroy is going to pull off on that tight 25 acre parcel.

Think about it where else in the County other than downtown will have that much square footage of res, retail, and office crammed in to just 25 acres than One Paseo? This will be a great example of what can be done with the Qualcomm site just scale it up to 100 acres and be more vertical.