Monday, August 20, 2018 - NEWS RELEASE
San Diego – A joint agreement has been reached to extend upcoming timelines related to securing the land to expand and modernize the San Diego Convention Center.
The "standstill agreement" signed by the City of San Diego, Port of San Diego and Port property leaseholder Fifth Avenue Landing, LLC extends all approaching events and deadlines under the Purchase and Sale Agreement and Escrow Instructions to Sept. 25, 2018. The San Diego City Council and Board of Port Commissioners authorized the original three-party purchase agreement in June.
"With thousands living without shelter and tens of thousands whose jobs depend on attracting convention business, the need for action on these urgent issues isn't going away," said Mayor Kevin L. Faulconer. "Unlike some City Councilmembers whose idea of solving a crisis is to hold yet another committee meeting, the Port and Fifth Avenue Landing have shown they are willing to step up for the greater good of our community. Even though an initiative to fund the expansion and help the homeless won't be on the November ballot, it is still on the table for a future election, and I thank Fifth Avenue Landing and the Port for their continued partnership on this very important issue."
The San Diego County Registrar of Voters is expected to determine by Sept. 20 if an initiative to fund the convention center expansion, homelessness solutions and road repairs will qualify for a future ballot.
CONTACT: Craig Gustafson at (619) 453-9880 or [email protected]