Mayor Faulconer Announces Ambitious Plans to Preserve and Enhance Mission Bay Park, Balboa Park & Other Regional Parks
Regional Parks Would Receive Hundreds of Millions of Dollars in New Investment Under Two Separate Proposals Advanced by Mayor Faulconer
Thursday, June 30, 2016 - NEWS RELEASE
- An initiative for the November 2016 ballot that would extend 2008’s Proposition C – co-authored by then-Councilmember Faulconer to direct a portion of Mission Bay lease revenue toward capital investment in Mission Bay Park and regional parks – for an additional 30 years. This will result in hundreds of millions more in future dollars available for Mission Bay Park and regional parks, including rehabilitating historic structures in Balboa Park. It also expedites high-priority infrastructure projects for Mission Bay Park.
- Moving forward with the long-delayed Plaza de Panama project to transform Balboa Park for future generations. The project includes the creation of more than six acres of parkland, gardens and pedestrian-friendly plazas; major aesthetic improvements, including reflecting pools, in the plaza; and increased parking. The project would be financed through a combination of parking revenues, City funds earmarked for capital projects and private philanthropy. No Mission Bay lease revenue would be used for this project.
Mission Bay Revenue Ballot Initiative
- Extending the funding stream for an additional 30 years to 2069, making hundreds of millions of future dollars available for Mission Bay Park and regional parks.
- Amending Charter Section 55.2 to implement cash management best practices to improve efficiencies and expedite the completion of high-priority infrastructure projects for Mission Bay Park, such as bicycle trails, lighting, public restrooms and playgrounds.
- Increasing the share that Balboa Park and regional parks receive in lease revenue from 25% to 35%. This would bring in about $3.5 million annually for improvements in regional parks, such as Balboa Park, Sunset Cliffs and Mission Trails. The funds can be leveraged for projects, such as maintaining Balboa Park’s historic buildings.
Plaza de Panama Project
- Removing cars from the heart of the park. Five areas currently lost to parking and traffic – the Plaza de Panama, Plaza de California, West El Prado, Esplanade and the parking lot behind the Spreckels Organ Pavilion – will all be restored to their historic use as pedestrian park spaces.
- A total of 6.3 acres of thoroughfares and parking lots will be transformed into pedestrian plazas, promenades and a rooftop park that better realize the remarkable Balboa Park experience.
- A completely car-free Plaza de Panama with major aesthetic improvements, including reflecting pools and more pedestrian amenities.
- A three-level underground parking garage behind the Organ Pavilion with a 2.2-acre rooftop park and 797 parking spaces.
- Improved parking with an increase of more than 30 percent in the number of parking spaces of accessible parking spaces in the core of the park, including in the parking structure and a reconfigured Alcazar parking lot.
The original 2012 cost estimate of $45 million for the project will need to be revised to reflect updated state development regulations, the applicability of prevailing wage and a less competitive bidding market. The project would be financed through a combination of paid parking revenues, City funds earmarked for major capital projects and private philanthropy, led by the Plaza de Panama Committee. No Mission Bay lease revenue would be used for this project and voter approval is not required. More details will be presented in July when Mayor Faulconer asks the City Council to vote on the final actions to move forward with the project.
CONTACT: Craig Gustafson at (619) 453-9880 or [email protected]