In the News - Page 5

Mission Valley planners scorn soccer end-run-around group

April 6th, 2017

San Diego Reader

Hours after Mayor Kevin Faulconer stood with FS Investors in support of their Qualcomm redo ballot initiative, the developers received a far less friendly reception at the Mission Valley Planning Group. The company has proposed leasing the city-owned 166 acres around Qualcomm for $10,000 a year, and building a soccer stadium, 4,800 units of housing, commercial buildings and parks on the site. They've taken the unusual step of qualifying the project for a public vote through a ballot initiative, which circumvents part of the normal development planning process.

Special election likely for 'Soccer City'

April 4th, 2017

Fox News

The group behind the proposed "Soccer City" redevelopment of the 166-acre Qualcomm Stadium property in Mission Valley announced Tuesday that they will ask the City Council to put their plan before voters in November. The group — which includes La Jolla investor Mike Stone, former Qualcomm President Steve Altman and Peter Seidler, part of the Padres ownership group — announced last week that they've collected well over 100,000 signatures on petitions in support of the project. If enough prove to be valid, the City Council would be required to put the project before voters in a special election or approve it outright.

SoccerCity headed toward fall ballot

April 4th, 2017

San Diego Union Tribune

Proponents of the SoccerCity initiative to redevelop the Qualcomm Stadium site in Mission Valley said Tuesday they will seek to put the measure before voters this fall.
FS Investors said it will ask the City Council to place the proposal on an expected Nov. 7 ballot rather than ask for outright approval of the billion-dollar plan. It would appear on the same ballot as a measure, announced Monday, to raise the hotel-room tax to expand the San Diego Convention Center and generate funds for homeless programs and road improvements.