Midway Arena
 | |
 | |
| Location | San Diego, California |
|---|---|
| Coordinates | 32°45′14.7″N 117°12′31.3″W / 32.754083°N 117.208694°W |
| Owner | TBD |
| Capacity | 16,000 |
| Construction | |
| Construction cost | TBD |
| Architect | Safdie Rabines Architects |
| Tenants | |
| TBD | |
Midway Arena is a proposed indoor arena to be constructed in San Diego, California. The development proposal includes the 16,000 seat arena, housing units, a multi-acre urban park, and a mixed-use entertainment, arts, and cultural district.
History
[edit]In 2020, the City of San Diego proposed redeveloping the Midway area sports arena site, a 48.5 acre parcel. Four developers submitted bids and two were chosen to continue the process, with the winning bid belonging to Brookfield Properties.[1][2][3] Plans were halted 10 months later when a state agency claimed the city was not in a position to dispose of the land and had not complied to state regulations.[4]
San Diego restarted the application process in 2021 in accordance with state regulations.[5][6] Seven applications were received, with five chosen to continue the application process, then further narrowed down to three.[7][8] In 2022, the city chose the development team Midway Rising to redevelop the site.[9] Midway Rising has a two-year window with San Diego to come to terms with the city, however the mayor has the ability extend the agreement for two one-year terms. Both parties can also walk away from the deal at any time.[10]
On June 12, 2023, businessman Stan Kroenke, owner of multiple major professional league teams, joined Midway Rising as its majority investor.[11]
References
[edit]- ^ "Four developers submit competing proposals for San Diego sports arena site". Retrieved June 16, 2020.
- ^ "Rival developers propose differing visions for sports arena area". Retrieved July 10, 2020.
- ^ "San Diego mayor announces winning developer to build new Sports Arena". Retrieved August 29, 2020.
- ^ "Development plans halted for former Sports Arena site". Retrieved March 29, 2021.
- ^ "San Diego to restart process to redevelop Sports Arena site over California land law". Retrieved June 17, 2021.
- ^ "San Diego accepting applications for Sports Arena development". Retrieved October 4, 2021.
- ^ "San Diego eliminates 2 contenders in battle for sports arena site". Retrieved December 9, 2021.
- ^ "San Diego shortlists three proposals for Sports Arena redevelopment". Retrieved May 24, 2022.
- ^ "City Council Moves Forward with 'Midway Rising' for Sports Arena Redevelopment". Retrieved September 13, 2022.
- ^ "City, developer finalize negotiation terms for sports arena site". Retrieved December 8, 2022.
- ^ "Billionaire Stan Kroenke joins Midway Rising as majority investor in San Diego sports arena project". Retrieved June 12, 2023.