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San Diego's $2.1 Million Dollar Stadium Bet

Yesterday afternoon, the San Diego City Council voted 6-3 to approve $2.1 million for an expedited Environmental Impact Report for a new stadium in Mission Valley. Was it a good gamble, or a waste of money?

I said 2 weeks ago that the City and County of San Diego needed to stop trying to put a deal together in 2015, and focus on making the best possible offers they could for 2016.

This is because of the following factors:

  • A full Environmental Impact Report (EIR) usually takes at least 12 months.
  • Even if these plans and reports are produced, there will be an extremely limited time to review them before a vote takes place.