Midway Arena

Last updated
Midway Arena
Midway Arena.jpg
Midway Arena
Interactive map of Midway Arena
Location San Diego, California
Coordinates 32°45′14.7″N117°12′31.3″W / 32.754083°N 117.208694°W / 32.754083; -117.208694
OwnerTBD
Capacity16,000 (expandable to 19,000)
Construction
Construction costTBD
Architect Safdie Rabines Architects
Tenants
TBD

Midway Arena is a proposed indoor arena to be constructed in San Diego, California, intended to replace the 1960s-era Pechanga Arena. The development proposal includes the 16,000-seat arena, housing units, a multi-acre urban park, and a mixed-use entertainment, arts, and cultural district.

Contents

History

In 2020, the City of San Diego proposed redeveloping the Midway-area sports arena site, a 49-acre (20 ha) parcel. Four developers submitted bids and two were chosen to continue the process, with the winning bid belonging to Brookfield Properties. [1] [2] [3] Plans were halted 10 months later when a state agency claimed the city was not in a position to dispose of the land and had not complied to state regulations. [4]

San Diego restarted the application process in 2021 in accordance with state regulations. [5] [6] Seven applications were received, with five chosen to continue the application process, then further narrowed down to three. [7] [8] In 2022, the city chose the development team Midway Rising to redevelop the site. [9] Midway Rising has a two-year window with San Diego to come to terms with the city; however, the mayor has the ability extend the agreement for two one-year terms. Both parties can also walk away from the deal at any time. [10]

On June 12, 2023, businessman Stan Kroenke, owner of multiple teams of the major professional sports leagues, joined Midway Rising as its majority investor. [11]

References

  1. "Four developers submit competing proposals for San Diego sports arena site" . Retrieved June 16, 2020.
  2. "Rival developers propose differing visions for sports arena area" . Retrieved July 10, 2020.
  3. "San Diego mayor announces winning developer to build new Sports Arena" . Retrieved August 29, 2020.
  4. "Development plans halted for former Sports Arena site" . Retrieved March 29, 2021.
  5. "San Diego to restart process to redevelop Sports Arena site over California land law" . Retrieved June 17, 2021.
  6. "San Diego accepting applications for Sports Arena development" . Retrieved October 4, 2021.
  7. "San Diego eliminates 2 contenders in battle for sports arena site" . Retrieved December 9, 2021.
  8. "San Diego shortlists three proposals for Sports Arena redevelopment" . Retrieved May 24, 2022.
  9. "City Council Moves Forward with 'Midway Rising' for Sports Arena Redevelopment" . Retrieved September 13, 2022.
  10. "City, developer finalize negotiation terms for sports arena site" . Retrieved December 8, 2022.
  11. "Billionaire Stan Kroenke joins Midway Rising as majority investor in San Diego sports arena project" . Retrieved June 12, 2023.