Brookfield, ASM Global selected to redevelop Sports Arena property

A City of San Diego selection committee has picked a proposal by Brookfield Properties and ASM Global to redevelop the Sports Arena property into a mix of entertainment, housing, parks, and office and retail.

The companies want to transform the property into a vibrant community with acres of public parks, new homes, office space and a modern entertainment venue – all part of an activated mixed-use entertainment district.

The project vision could generate approximately 3,200 jobs and an annual economic impact of more than $300 million.

The redevelopment area encompasses approximately 48 acres in the Midway-Pacific Highway Community area, located in west-central San Diego. From its historic beginnings as part of the delta of the San Diego River to the rise of the military and aviation industry in the 1920s, the Midway Community has played a role in San Diego’s growth and transformation. In 2010, the City of San Diego, in coordination with local community members, began updating the Midway-Pacific Highway Community Plan, which serves as a blueprint for the future development of the neighborhood.

The city, ASM and Brookfield will now begin negotiations on the final scope of development for the area. The deal is anticipated to be brought before the City Council in 2021.