Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Padres officials hope to resume construction on a Downtown ballpark next month after delays that have added $30 million to theoriginal $267 million pricetag.

Action on a $225 million bond sale to finance the ballpark was delayed by the Sept. 11 terrorist attacks because several financial institutions had offices near the World Trade Center.

Although steel and concrete had already been ordered, new collectivebargaining contracts have driven up costs, Padres officials say. Sincethe Padres agreed to pay anything over the $225 million paid for bybonds, they have had to redesign some aspects of the project.

Most of the changes to the actual ballpark are cosmetic. Less certain isthe status of office, hotel and other commercial projects such as EastVillage Square and the Campus at the Park, which border the stadium.

Padres officials say the ballpark should be open in time for the 2004baseball season. A 512-room Westin Hotel is expected to resumeconstruction next month, with completion to coincide with the opening ofthe ballpark.

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.