SOURCE: San Diego Regional Economic Development Corporation

San Diego Regional Economic Development Corporation

July 13, 2010 12:40 ET

San Diego Regional EDC Media Alert -- Your Coverage Is Invited

SAN DIEGO, CA--(Marketwire - July 13, 2010) -  On July 14, the San Diego Regional Economic Development Corporation (EDC) will announce the results of its PETCO Park Economic Impact Study, quantifying the public/private investment in the Ballpark and 26-square-block Ballpark District compared to commitments contained in Proposition C, approved by voters in November 1998. 

The development of PETCO Park exceeded all of the City's expectations and projections with regards to job creation, sales tax revenue, private investment, increased property values, hotel rooms, commercial space, housing units, and property taxes.

The City and Centre City Development Corporation (CCDC) have seen a direct payback in terms of tax revenues from the Ballpark and Ancillary Development.

The City and CCDC have leveraged their investment into over $1.58 billion in private investment, or $5.25 for each $1 of public investment.

WHO:
Briefing by consultant Bill Rhoda, Principal, CSL International on the findings of a study commissioned by the San Diego Regional Economic Development Corporation on the economic impact of PETCO Park.

WHEN:
Wednesday, July 14, 2010
10 AM

WHERE:
Golden Eagle Plaza -- Procopio, Cory, Hargreaves & Savitch LLP
525 B Street, Suite 2200 San Diego, CA 92101

INTERVIEWS:
Julie Meier Wright, President & CEO, San Diego Regional EDC
Bill Rhoda, Principal, Conventions, Sports & Leisure International (CSL) 

MEDIA CONTACT:
Lauree Sahba, COO, San Diego Regional EDC, 619.615-2954 (direct), 619.322-6453 (cell) ls@sandiegobusiness.org

Contact Information

  • Lauree Sahba
    COO
    San Diego Regional EDC
    619.615-2954 (direct)
    619.322-6453 (cell)
    Email Contact