Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Centre City Development Corp.’s board of directors has given its support for a series of new bonds and has also approved several new project budgets.

The board has recommended that the San Diego Redevelopment Agency approve the issuance of several new bonds in an amount not to exceed $20 million. They consist of the Horton Plaza Redevelopment Project Tax Allocation Bonds, Series 2003A; Junior Lien Tax Allocation Bonds, Series 2003B; and Tax Allocation Housing Bonds, Series 2003C. According to CCDC officials, “the proposed TA bonds will provide funds for the rehabilitation of the historic Balboa Theatre and a portion of the Notice of Funding Availability for the Comprehensive Affordable Housing Strategy.

The board has also approved the FYO4 Projects Budgets for the Centre City and Horton Plaza Redevelopment Projects, as well as CCDC’s Administrative Budget. The Projects Budgets of $96.8 million include funding for the Notice of Funding Availability, design and rehabilitation of the historic Balboa Theatre, development of a residential project at the P-1 parking site, provision for Downtown’s main library, and provision for “quality of life” projects and various public improvements in Downtown’s neighborhoods. The CCDC budget of $123.1 million consists of projects, appropriations for long-term debt service and administrative costs.

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 Fall 2021Event

This conference brings together the industry's most influential & 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.