The State Lands Commission approved the plan last spring but imposed several conditions upon that approval. The port first announced it would buy the lots, bounded by 12th Avenue on the west, 14th Street on the east, Imperial Avenue on the south and K Street on the north, three years ago for $21 million.

The lots would hold 800 cars, and under the deal, the city would grade and paint the land and turn the property over to the port. The lots would be used for tailgate parties on game days and for a staging area for commercial vehicles serving the San Diego Convention Center.

The purchase was announced in late 1998 to help fill a shortfall in funding for the proposed Downtown ballpark, which has since run into a host of lawsuits and delays. The city and the Padres are hoping to resume construction on the ballpark in about a month.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.