Follow-Up: San Diego City Council Unanimously Approves $4.2 Billion Midway Rising Redevelopment of Sports Arena Site
SAN DIEGO, San Diego County, California — The City of San Diego announced on November 9 that the City Council unanimously approved the Midway Rising redevelopment project, clearing the final political hurdle for the Sports Arena site transformation after a meeting that ran more than seven hours. GSM previously reported that the plan had advanced through the council's Land Use and Housing Committee on October 16.
The approvals include the Midway Rising Specific Plan, the Disposition and Development Agreement with Midway Rising LLC, and a 105-year lease of the 48.5-acre city-owned site to the developer. The council also certified the project's Subsequent Environmental Impact Report and took the first step toward forming an Enhanced Infrastructure Financing District. The project is valued at about $4.2 billion, financed entirely by the developer.
Under the plan published by the city, the site will gain 4,250 homes, including 2,000 affordable homes and 2,250 market-rate homes, a 16,000-seat entertainment center, 130,000 square feet of retail space, and 14.5 acres of parks and public plazas, along with transportation and infrastructure improvements. The new arena is expected to cost about $526 million. Mayor Todd Gloria said after the vote that using the public property to build more homes people can afford sends a strong message about the city's focus on affordability and reducing the cost of living.
The development team, led locally by Brad Termini of Zephyr, was selected by the city in September 2022, followed by more than four years of negotiation. Termini said Phase 1 construction could begin as early as 2027, with the full neighborhood built out in phases over about two decades. The existing Pechanga Arena will remain open during initial construction and will be demolished only after the new facility is built.
(Source: City of San Diego)
Source: City of San Diego
Published by GSM · USA (original Chinese edition)
Photo: 图：现 Pechanga Arena 内景，San Diego Gulls 冰球队在此比赛；按获批计划，新场馆建成后这座老场馆将被拆除。照片：Pink Floyd Fan 101，经 Wikimedia Commons，CC BY 4.0。 / Image: Inside the current Pechanga Arena during a San Diego Gulls hockey game; under the approved plan the aging arena will be demolished after its replacement is built. Photo by Pink Floyd Fan 101, via Wikimedia Commons, CC BY 4.0.
- 2026-10-13San Diego Releases Midway Rising Details: 4,250 Homes Planned for 48.5-Acre Sports Arena Site; Committee Review Set for Oct. 16
- 2026-10-16San Diego Committee Advances Midway Rising: All 2,000 Affordable Homes Must Be Built on the Sports Arena Site
- 2026-10-17San Diego Committee Reviews Midway Rising Lease as Details of Major Housing Project Draw Scrutiny
- 2026-10-21$4.2 Billion Midway Rising Redevelopment Advances Unanimously in Council Committee: 4,200 Homes Set Affordable Housing Record
- 2026-11-10Follow-Up: San Diego City Council Unanimously Approves $4.2 Billion Midway Rising Redevelopment of Sports Arena SiteThis story
