It appears that a final vote by the San Diego City Council on the redevelopment deal the city has with Midway Rising won't occur until early 2025. And this is mainly due to the city shoring up a consultant to ensure that Midway Rising gets government financial assistance to build its pledged affordable housing units.
Just this past Monday, June 24, the Council got the latest developments in an update from Christina Bibler, head of the city’s real estate division spearheading negotiations with Midway Rising.
A good part of the delay is getting a consultant on board "to evaluate the prospects of forming a tax increment financing district to help finance public facilities," as U-T reporter Jennifer van Grove stated in an account of the council meeting.
It appears that a final vote by the San Diego City Council on the redevelopment deal the city has with Midway Rising won't occur until early 2025. And this is mainly due to the city shoring up a consultant to ensure that Midway Rising gets government financial assistance to build its pledged affordable housing units.
Just this past Monday, June 24, the Council got the latest developments in an update from Christina Bibler, head of the city’s real estate division spearheading negotiations with Midway Rising.
A good part of the delay is getting a consultant on board "to evaluate the prospects of forming a tax increment financing district to help finance public facilities," as U-T reporter Jennifer van Grove stated in an account of the council meeting.