X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-The San Diego City Council has given final approval to a lease extension and master plan for SeaWorld’s 172-acre site on Mission Bay, apparently ending years of wrangling over the project.

SeaWorld only needs a routine approval from the California Coastal Commission before it can begin improvements. Plans call for a lighthouse structure at the front gate and a 95-foot-tall “Splashdown” roller coaster ride.

The city is also requiring the water park to build $4 million in pedestrian, bicycle and road improvement around the bay–and another $10.6 million over five years to smooth traffic in the area.

The approval ends five years of debate that included a 1998 public vote to allow SeaWorld to exceed the 30-foot coastal height limit for structures. On Tuesday, the council approved the Coastal Commission’s changes to the master plan, as well as an amendment to SeaWorld’s 50-year lease that will implement some of those changes.

SeaWorld has the right to build a 300-room, 30-foot-high hotel on the property but may not build the hotel until at least 2011. Any project that exceeds the 30-foot height limit must still undergo a public hearing process. The park must provide right of way and up to $500,000 for a transit station near its front gate.

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

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.