San Diego City Council Approves SDSU West Deal

Last week, the San Diego City Council approved the sale of the Mission Valley Stadium site to San Diego State University. With an 8-1 vote, the Council finalized the language of the sale and purchase agreement. All that remains is one final approval, called a “second reading,” and escrow is expected to close in August.

SDSU West will include a 34-acre river park, 1.6 million square feet of office and retail space that can be used for education, entrepreneurial, and technology programs, construction of a new multi-use stadium, 600 units of housing with 10% set aside for low-income households, a 400-room hotel, and nearly 100,000 square feet of retail space. This project will have a positive economic impact on the region, creating thousands of jobs and expanding one of San Diego’s flagship academic institutions.