Latest on the Downtown Convention Center Expansion Project
SAN DIEGO (KUSI) — The Downtown Convention Center Expansion Project is moving closer to becoming a reality.
A new deal was announced Thursday, which includes a number of conditions.
The city will now have to pay roughly $14 million more than it would have three years ago if it had exercised its option to acquire the lease.
The deal involves three parties: the city of San Diego, the Port of San Diego and Fifth Avenue Landing. And would expand the Convention Center by 4-hundred-thousand square feet of rentable space.
Also under the deal, if the measure falls short of two-thirds approval by voters then a court would have to rule by March 15 of next year that a simple majority is allowed.
If not the developers would be allowed to move forward with building the hotel.