Name: Hotel and 250 affordable units dropped from Midway Rising proposal
Channel: TEGNA

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Hotel and 250 affordable units dropped from Midway Rising proposal

Clip ID 2302966

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Description

The development team behind a massive effort to reconfigure the city-owned Sports Arena site has scrapped 250 middle-income housing units from its initial proposal citing high interest rates and other financial reasons as well as a proposal to build a 200-room hotel. Representatives from Midway Rising appeared alongside staff from San Diego's Department of Real Estate and Airport Management to inform the San Diego City Council and the public that plans have changed. The latest proposal will change out 250 housing units that were reserved for moderate-income earners who make between $77,200 to $98,100 a year. FULL STORY: https://www.cbs8.com/article/news/local/midway-rising-drops-hundreds-affordable-units-and-hotel/509-5073635d-69e1-4514-9990-8a37268177ca

Station

KFMB

Keywords

local news

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