SAN DIEGO’S BALLPARK AND NEIGHBORHOOD REVITALIZATION PROJECT WINS ULI AWARD FOR EXCELLENCE
Downtown redevelopment initiative honored from among 167 nationwide applicants
SAN DIEGO, CA— Downtown San Diego’s Ballpark and Neighborhood Revitalization Project was chosen today as one of 10 Award of Excellence winners at the 2007 Urban Land Institute (ULI) Awards for Excellence in Chicago. Centre City Development Corporation (CCDC) President Nancy Graham accepted the award.
“This important award granted by one of the most prestigious land use and real estate organizations reaffirms the fact that the City of San Diego is gaining positive momentum in its fiscal recovery and is being viewed positively from outside our region, said Mayor Jerry Sanders. “The significant private investment in our downtown will generate substantial new revenues to the City now, and into the future.”
Development investment (projects completed, planned or underway) within the 60-blocks surrounding PETCO Park and the Park the Park today is expected to exceed $4 billion. This private investment will exceed ten times the public investment in the ballpark ($301 million) made by CCDC, the City of San Diego and the Redevelopment Agency. Projects completed, underway and planned for the ballpark area will result in 8,300 new homes, 1.3 million square feet of commercial space, 1,200 hotel rooms and more than 3,000 public parking spaces.
“We’re delighted that this downtown redevelopment effort was recognized with such a prominent award,” said Nancy Graham. “The Ballpark and Neighborhood Revitalization Project is a wonderful example of how a large well-planned project can serve as a catalyst for the renaissance of an entire neighborhood. This award is validation of the strong commitment from numerous visionary people in both the public and private sectors who have, and continue to, work on the positive improvement of downtown.”
To learn more, visit: http://www.ccdc.com/
We at Neuman & Neuman commend the efforts of CCDC, and congratulate them for winning the prestigious ULI award.
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