The city of San Diego has filed a civil complaint in San Diego Superior Court against its most popular tourist attraction, SeaWorld, claiming it is owed more than $12M in back rent that went unpaid during the pandemic.
The lawsuit, which alleges a breach of SeaWorld's lease with the city, is seeking $12.2M, which includes interest and late fees as well as outstanding rent.
SeaWorld San Diego is operated by Florida-based SeaWorld Entertainment, which has a long-term ground lease with city, amended in 1998 with a 50-year lease that expires in June 2048.
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
Already have an account? Sign In Now
*May exclude premium content© 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.