SAN DIEGO (CNS) - City officials on Thursday proposed creating an assessment district in which area hotels will pay for the planned expansion of the San Diego Convention Center.
The plan, developed by Mayor Jerry Sanders, the Convention Center Board of Directors and hoteliers, would levy a 3 percent assessment on each room night for downtown hotels. Those in Mission Valley or around Mission Bay would be charged 2 percent, and more outlying facilities 1 percent.
"As I have said from the very beginning, the expansion of our Convention Center should be paid for by those who will benefit from it," Sanders said. "Given that the hospitality industry stands to gain substantially, it's only logical that they should fund a significant portion of this."
The current price estimate for the expansion, scaled down from earlier versions, is $550 million, according to the mayor's office. City officials said the assessment district is expected to raise about $28 million to $30 million annually to pay for debt service.
More funding sources are needed to pay for the project. The mayor said he hopes to finalize a financing package by the end of the year.
Floor space would increase by 961,187 square feet to more than 2.75 million square feet. The square footage of meeting rooms and ballrooms would double under the plan.
The mayor's office believes an expanded Convention Center will increase hotel-room nights by 657,000 each year and produce $121 million in new revenue annually. It estimates the city will reap an additional $16 million in hotel tax revenue.
A mistaken bump led to a man getting bit and cut with a knife near the Ocean Beach Pier, police said Sunday.
A man died after his body caught fire, police said Saturday. At 11:30 p.m. Friday, police received a call regarding a person on fire in a field near 5200 Pacific Highway in Mission Bay Park, according to the San Diego Police Department.
One person was found dead, apparently drowned as up to seven people tried to enter the United States through the rough surf off La Jolla overnight, firefighters said Sunday.
The sea of pink continued Sunday with thousands marching in the name of breast cancer research funding on the third - and final - day of the Susan G. Komen San Diego 3-Day.
The San Diego Rescue Mission opened its doors to the homeless community on Saturday for its annual Thanksgiving celebration.
Hoping for the best but preparing for the worst, local business owners and first responders teamed up for an all-to-real feeling hazard drill on Saturday.
A 5-year-old girl who was abducted from New York by her 32-year-old mother, who does not have custody of the child, was found safe Saturday in San Diego, police said.
Before Saturday, Marine veteran Joshua Ray, his wife and six children had just one vehicle to use for all of their family business, and Ray had to take the train from Oceanside to San Diego every day to get to work.
A sea of pink will travel through San Diego starting Friday for the Susan G. Komen San Diego 3-Day. The 60 mile journey kicks off early Friday morning and ends Sunday evening at the final destination – the celebratory Closing Ceremony.