AEG May Build an 18,000- Seat Sports And Entertainment Arena In Downtown San Diego
Source: Patrick Kirk, Bisnow, OC/SD June 30, 2016
The San
Diego Unified Port District is expected to provide its analysis of the six
redevelopment proposals for Seaport Village, then announce the winning
redevelopment plan. If the port board picks OliverMcMillan’s $1.4B proposal for
a 2.4M SF Embarcadero District, the city will get a privately funded,
18,000-seat sports and entertainment arena in the bargain.
LA-based live
entertainment giant AEG Worldwide, which developed Staples Center in Downtown
LA, has partnered with OliverMcMillan on the proposed arena, reports the San
Diego Union-Tribune. The proposal included three hotels with 1,700 rooms; up to
325K SF of shops and restaurants; 125K SF of “blue tech” and creative office
space; a 10K SF learning center and tide pools for Scripps Institution of
Oceanography; and a 2K SF performance space for the San Diego Symphony.
OliverMcMillan’s
overall development plan resembles LA’s Entertainment District, which includes
AEG’s LA Live dining and entertainment complex, Staples center and the LA
Convention center, all of which are surrounded by hotels- Ritz-Carlton, JW
Marriott, Marriott Courtyard and Residence Inn, and Luxe City Center Hotel. A
Downtown SD arena is likely to attract top musical acts that now bypass the
city due to lack of well-located performance facility.
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