Public Land Giveaway
- FS Investors stands to make hundreds of millions of dollars off of taxpayers.
- The deal would create a windfall profit for FS Investors by allowing them to gain control of more than 200 acres of extremely valuable public land for little more than $10,000.
- This deal would likely be the largest transfer of taxpayer wealth to a private developer in San Diego’s history.
- The final decision on a project for the site should maximize benefits to the public, not profits for a private investor.