Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Larry Lucchino, who served under San Diego Padres owner John Moores for seven years, will step down as the team’s president and chief executive officer Oct. 31.

Lucchino will continue to serve in an advisory capacity, including the direction of planning and design for the new ballpark and Downtown redevelopment district. But he says he and Moores jointly made the decision for Lucchino to step down from his executive position.

Lucchino, 55, also will retain his 10% ownership in the team. Bob Vizas, the club’s general counsel since September 1999, is to succeed Lucchino in November. Despite battles with cancer in the past, he said health was not a factor in the decision.

Speaking to the media last week, Lucchino said the decision isn’t a setback for the ballpark project. He said the legal barriers to the project have mostly been cleared and construction should resume late in the summer or early this fall.

Vizas said he has been heading the team’s negotiations with the city on the ballpark since February. The city’s ballpark bond package will likely go before the City Council in late September. The ballpark memorandum of understanding is set to expire after Sept. 30.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.