Search
 

At Last, Construction Resumes on Padres Park

SAN DIEGO-Construction of a new Downtown ballpark for the San Diego Padres was scheduled to resume Monday, after a 16-month delay. Last week's check presentation ends squabbles, for now.

By Randyl J. Drummer | Updated on February 18, 2002

SAN DIEGO-After nearly two years, construction of a new Downtown ballpark for the San Diego Padres was scheduled to resume Monday.

Merrill Lynch bought $169 million in bonds to finance the project and a check for $130 million was given to San Diego Mayor Dick Murphy last week. The check presentation ends — for now — more than three years of squabbling and a struggle to assemble a financing plan for the ballpark, now scheduled to open in 2004.

Says Padres president Bob Vizas: “It’s hard to believe, but I think we’re finally here.”

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.