The San Diego Union-Tribune revisits the cost of expanding the SD convention center….and it’s a lot:
A San Diego Convention Center expansion being championed by Mayor Jerry Sanders and the tourism industry got a price tag yesterday – at least $52.5 million a year in new taxes or fees over three decades.
Options being discussed include a $1 to $2 surcharge on San Diego Zoo and SeaWorld San Diego admissions, a 1 percent to 3 percent tax on food and drink sales and an increase in the city’s hotel tax from 10.5 percent to as high as 15.5 percent.
Convention center officials want to add 400,000 square feet to the bayfront facility, saying they stand to lose large, lucrative trade shows to cities with bigger exhibit halls.
The poster child for flight risk is Comic-Con International, the San Diego-born pop-culture extravaganza.
$1.5 billion is certainly a lot of moolah…(for comparison, New York’s long-delayed Second Avenue Subway–digging under some of the world’s most expensive real estate–is projected to cost $17 billion over 12 years.)
The rest of the article contains various local civics types who feel the size of the potential fiscal burden is just too much, given these parlous times.
[Thanks to “Spike” for the link.]