The project looks to become the largest affordable housing development in California's history.
San Diego’s massive redevelopment project, Midway Rising, has won unanimous approval from its City Council. The vote comes four years after the city chose the Midway Rising team to redevelop a city-owned, 49.2-acre property.
“The project features 4,250 homes, a 16,000-seat arena, 130,000 square feet of retail space, 14.5 acres of parks and 7,040 parking spaces. Two thousand of the homes would be subsidized affordable housing for low-income renters, which city officials say makes Midway Rising the largest affordable housing development in California history,” Andrew Bowen writes for KPBS.
The fate of Midway Rising is still not certain. To get the project off the ground, San Diego needs to create an “enhanced infrastructure financing district," which will allow “future growth in property tax revenues to remain in the neighborhood to pay for infrastructure investments,” KPBS reports. The San Diego County Board of Supervisors still needs to approve the district.
Read the full story: San Diego City Council approves 'Midway Rising' housing, entertainment development
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