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.