Padres, city yet to agree on sale terms for Tailgate Park development

More than a year after "winning the opportunity to turn a large downtown parking lot into a vibrant office campus," a group led by the Padres has "yet to settle on purchase and development terms for the city-owned site known as Tailgate Park," according to Jennifer Van Grove of the SAN DIEGO UNION-TRIBUNE. The pandemic is "being blamed for the delay." Last week, the city’s Economic Development and Intergovernmental Relations committee unanimously "gave its blessing to extend the formal, nine-month-long negotiation window that started in December and expired in September." The new deadline, if accepted by the full City Council, means the city and the Padres can "have through Jan. 31 to hammer out sale terms for the 5.25-acre site." Under the revised timeline, "a contract stipulating price, community benefits and building restrictions would be considered by City Council members in February." Tailgate Park is "a city-owned asset currently leased to the Padres for use as a parking lot and special event space." The group wants to "transform the property into a commercial office hub called East Village Quarter." The Padres team initially proposed "a 1.35 million square-foot tech or biotech campus with 612 market-rate and subsidized apartments, 50,000 square feet of shops, 236,000 square feet of public open space and a 1,600-space parking garage." Dir of Economic Development Christina Bibler told committee members that she "believed the city and the Padres could wrap up their talks before the end of the year" (SAN DIEGO UNION-TRIBUNE, 10/26).

SBJ Morning Buzzcast: January 17, 2022

NFL's top selling teams and players; Jim Phillips puts CFP expansion on hold and Netflix looks to juice up interest in pro tennis.

SBJ Spotlight: January 14, 2022

SBJ Spotlight: NFL strength, CFP confusion and the stealth Olympics In today’s Spotlight Roundtable, SBJ’s Abe Madkour and John Ourand are joined by LiveLike CEO Miheer Walavalkar and Syracuse sports management professor Rick Burton to talk about big news in sports business. Topics included the ratings strength of the NFL and the Dallas Cowboys; confusion in college sports and the CFP; tech advances and the metaverse; and how NBC is just trying to get through the Beijing Games on the way to Paris and L.A.

SBJ Unpacks: Ben Sutton and George Pyne

Two college football insiders, Teall Capital’s Ben Sutton and Bruin Capital’s George Pyne, discuss the College Football Playoff expansion, driving more value from the championship game and the future of bowl games in this game day edition of the SBJ Unpacks podcast.

Shareable URL copied to clipboard!


Sorry, something went wrong with the copy but here is the link for you.