The Port District is spending $11 million to buy four blocks from the city to be used for parking lots serving the Convention Center and the ballpark. The remaining $10 million will be paid to the city in quarterly installments over nearly three years.
The city will pave, stripe, light and fence the parking lots, known collectively as Tailgate Park, before turning them over to the port. The East Village lots will provide parking for 800 cars, addressing what the port says is a critical parking shortage at the Convention Center.
The city is contributing $206 million; the Centre City Development Corp., the city's downtown redevelopment arm, is contributing $76 million, and the Padres $146 million.
The four blocks are bounded by 12th and 14th avenues, K Street and ImperialAvenue.
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